Ranked 1st on the Bloomberg Global Innovation Index 2019 South Korea is the 11th largest global economy.Home to global brands such as Hyundai, LG and Samsung the country is known as a manufacturing powerhouse with exceptional technological ability and production capacity.
In preparation of Industry 4.0 the government has made support for innovation in the manufacturing industry a high priority and committed to bold investments. In 2018 the Ministry of Trade, Industry and Energy designated future vehicles, energy, semiconductors and displays as key areas for innovation and growth.
With current R&D innovation strategy focusing greater investment into SMEs and international collaboration and international funding opportunities such as Eureka and Eurostars this is a market which offers significant opportunity for innovative UK SMEs developing cutting edge technologies.
