South Korea and Foreign Direct Investment : Policy Dynamics and the Aftercare Ombudsman (Hardcover)

Chapter 1. Introduction and Overview Introduction Special features of recent global FDI flows Summary Chapter 2. Korea’s Outward-looking Development Strategies, Dynamics of FDI Policy and Emerging Challenges Toward a Regional Business Hub Introduction Essence of Korea’s outward-looking development model and emerging challenges Shift in Korea’s FDI policy and FDI performance amid the Asian financial crisis (1998) Korea’s drive toward a regional business hub Summary Chapter 3. Case Stories of Grievance Resolutions for MNEs in Korea Introduction Foreign Investment Ombudsman: organization and eligibility Difficulties related to business permits, renewals, and factory construction Taxation and custom tariffs raise frequent grievances Labour relations cause serious grievances Outdated, opaque, and unregistered regulations continue to cause grievances Incentive provisions contain problems Preemptive outreach services for foreign investors’ grievances Summary Chapter 4. Facilitating FDI with Aftercare Ombudsman System and Policy Implications Introduction Global recognition of Korea’s Ombudsman system Korea’s challenges toward an FDI-friendly economy Policy implications for Korea’s drive to become a frontier high tech-economy Policy implications for FDI-seeking economies Policy implications for GVC-intensive FDI post-Covid-19 Conclusion and epilogue