Korean FDI in Latin America and the Caribbean: A partner for sustainable development

The Republic of Korea's FDI in Latin America and the Caribbean supports high-value manufacturing and could be a key partner for sustainable development.

(Generated with the help of GPT-4)

The study used a mixed-method approach, analyzing investment flows, greenfield projects, and mergers and acquisitions. It included interviews with entrepreneurs and authorities, and a survey of Korean automotive suppliers in Mexico. The research examined the evolution of Korean FDI, its institutional support mechanisms, and the commitment to sustainability and innovation.

(Generated with the help of GPT-4)

The Republic of Korea has emerged as a significant investor in Latin America and the Caribbean, focusing on high-value manufacturing sectors such as automotive and electronics. Its development trajectory, characterized by strategic industrial policies and investment in R&D, offers valuable lessons for the region. Korean companies are increasingly committed to sustainability, and the country's innovative initiatives, like the 5G network and regulatory “sandbox” programs, present opportunities for collaboration and learning. Bilateral trade has expanded, and Korea's integration strategy, including FTAs and institutional support through KOTRA and Korea Eximbank, facilitates economic engagement with the region. The potential for a deeper partnership is evident, with prospects for mutual growth and sustainable development.

(Generated with the help of GPT-4)

Categories: English publication language | Latin America And The Caribbean geographic scope | caribbean | economic partnership | high-value manufacturing | innovation | institutional support | korean fdi | latin america | sustainability | sustainable development | trade relations