ABSTRACT
This chapter examines the policy of successive Korean governments towards inward foreign direct investment (IFDI) and the structures in place for implementation of that policy. It analyses the issues and their policy setting in Korea since the Park period and looks at the various contemporary policy options and their implications. The chapter explores the debate on inward investment policy by comparing processes between Korea and the United Kingdom (UK) which has an established IFDI policy supported by a governmental infrastructure. The UK has two decades of experience in promoting inward foreign direct investment by government action, and the specific reasons for British success throw light on the course of Korean policy. According to a survey carried out by the Anglo-Korean Economic Institute, most foreign investors thought that the major hindrance to foreign investment in Korea was excessive and sometimes arbitrary government regulation.
