ABSTRACT
The principal aim of this book is to analyse trends in IFDI in Korea over the past four decades, tracing the development of Korean IFDI policy from one of restriction and control to one of encouragement and promotion. In particular, it focuses on the problems facing the Korean government as it seeks to attract high-quality inward investment from MNCs in possession of the capital, technology, skills and know-how needed to enhance the global competitiveness of domestic firms and ensure sustainable economic growth in the years to come. This analysis is placed within the broader framework of Korea’s experience of and response to globalization, considering the phenomena of economic globalization, which has an impact on reforms of the ‘hardware’ of investment promotion (regulations, systems and institutions) and cultural globalization, which influences changes in its ‘software’ (mindsets, perceptions and attitudes).
