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Expand Export Markets

Attract Foreign Direct Investment (FDI)

Pursue Bilateral Trade Agreements

Intensify Ties with Major Trading Partners

Relying greatly on trade as a nation, Korea looks to strengthen cooperation with established and emerging international partners to deepen existing bonds and discover untapped opportunities.

Expand Economic Partnerships to Emerging Markets

Examine demand for cooperation, development potential, and energy resources of potential partners.
Pursue “package deals” to assist in industrial infrastructure development in exchange for preferential energy resources and investment stipulations.

Strategies
Region	Areas for Cooperation
The Middle East	Attract Investment Explore new markets Export plants
Russia/CIS	Develop energy resources Explore new markets
Central and South America	Develop energy resources Explore new markets
Asia	Explore new markets Pursue industrial cooperation Reduce costs
Africa	Develop energy resources Pursue industrial cooperation

Increase Cooperative Elements with Key Trading Partners

Strategies
Region	Areas for Cooperation
USA	Establish an Industrial Cooperation Committee. Expand cooperation in the fields of industry and technology. Identify and address obstacles to trade.
EU	Promote Industrial and Technical Cooperation Committee activities with individual member countries. Provide support programs to better enable companies to benefit from the proposed Korea-EU FTA.
China	Support local companies in enhancing competitiveness for the Chinese market. Expand channels for bilateral cooperation. Assist Korean firms with obstacles they encounter in the Chinese market.
Asia	Hold an IR (Investor Relations) meeting in Japan. Increase transnational cooperation between parts and materials companies