• Title/Summary/Keyword: 투자환경

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Impacts of Low-priced of Industrial Electricity and Loose Environment Regulations on Investment Incentives of Inward Foreign Direct Investment of the Manufacturing Industries in Korea (외국계 제조업체 투자유인으로서의 저렴한 전기요금과 느슨한 환경규제 영향력)

  • Kim, Jung A;Lee, Hee Yeon
    • Journal of the Economic Geographical Society of Korea
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    • v.17 no.2
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    • pp.231-248
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    • 2014

  • The role of the foreign direct investment is very crucial for the regional economic growth nowadays. The inward FDI in Korea has been increased since the Act of foreigner investment promotion in 1998. The municipal and national government have designated the special industrial zones and supported the diverse incentives for the foreign investment companies. The service sector had a large share of inward FDI. However, manufacturing sector overtook the service sector as the largest FDI in 2009. This study focuses on the greenfield manufacturing FDI, which was established from 1999 to 2012 in Korea. In order to find out the impacts of low-priced industrial electricity and loose environmental regulations on choosing Korea, this paper did in-depth interviews with MOTIE, Korea industrial complex, Korea Trade-Investment Promotion Agency, some FDI companies. Investment incentives such as low price of domestic industrial electricity strongly affect why manufacturing FDI companies choose Korea to invest. The Korean government has also acknowledges that low-price policy can internationally compete to attract FDI. There is a possibility that FDI energy-guzzling industrial companies may choose for Korea to use the low-priced electricity, raising the issue of supply-demand of electricity of Korea in the future.

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