Another Far Eastern economy which is well worth consideration for investment alongside the Greater Mekong region (a subject of a previous blog) is Korea. No doubt many people will be crying that is "old hat" because they will remember the sweet investment story of Korea prior to the arrival of China onto the mass manufacturing scene. Well Korea having fallen into the background in recent years may be back. It has re-invented itself away from the making of low-tec. products. It is now the master of hi-tec electronics, nano products, automobiles, aero-space and now it is developing a bio-tech. industry. It is a power to be reckoned with for this century.
Like all Asian economies it suffered the Far Eastern Financial collapse in the late nineties. This crisis forced a restructure and brought under control the huge conglomerates that made up the Korean economy. From these ashes rose the phoenix of financial structure and discipline and these changes brought in foreign inward investment and liberalisation of the press, politics and education. This freedom in turn has released a wave of entrepreneurs that are fast on their feet and relishing the development of products for the new world. These people are being financed by the wealth from the previous generation and not from outside of Korea. It is fast becoming a stand alone nation that will be among the world leaders in Technology and Bio-research. Perfectly placed to supply the world and encourage the development of the Greater Mekong region. So yet again Korea may soon become a place to have some of your investments.…
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