Open trade and investment policies have facilitated South Korea's development into an important hub for international trade and FDI, driving industrial production and economic growth. The country consequently offers a highly conducive environment for foreign investors, particularly in its advanced manufacturing industry. The financial sector provides strong international connections and good availability of credit to businesses and consumers. The investment climate is also augmented by South Korea's moderate tax rates, which may be reduced by incentive programmes, efficient bureaucracy and strong rule of law. Some concerns remain over comparatively elevated tariff barriers to trade and restrictions on foreign involvement in certain sectors; however, these are offset by South Korea's extensive development of special economic zones and a broad...