1、 BUSINESS CLIMATE SURVEY FOR SWEDISH COMPANIES IN SOUTH KOREA 2024 A REPORT FROM TEAM SWEDEN IN SOUTH KOREA TABLE OF CONTENTS FOREWORD.3 ABOUT THE SURVEY.5 ECONOMIC OUTLOOK.6 THE MARKET.10 HOW SWEDISH COMPANIES SUCCEED IN SOUTH KOREA.14 ACTING SUSTAINABLY.17 CONTACT US.20 KEY CONTRIBUTORS TO THIS RE

2、PORT Business Sweden in South Korea Johan Chun,Jaeyeon Lee,Eunseo Ryoo,Jesper Renfors Swedish Chamber of Commerce in South Korea Grace Oh,Alex Ha Embassy of Sweden in South Korea Johannes Andreasson,Sung A Ryu copyright 2024 Business Sweden FOREWORD FOREWORD Swedish companies have been doing busines

3、s in South Korea for over 100 years.Recently,the number of Swedish-established subsidiaries in South Korea reached over 130.The Swedish business community have grown following the Swedish export growth and more networking activities have been organised since the establishment of the Swedish Chamber

4、of Commerce Korea(SCCK)in 2012.Team Sweden is a network of public organisations,agencies and companies that promote Swedish exports and coordinate government support.In South Korea,Team Sweden consists of the Embassy of Sweden,Business Sweden,SCCK and the Swedish companies.As the Swedish business co

5、mmunity grows,the role of Team Sweden has become more important,including tasks such as Facilitating industry promotion and knowledge exchange Promoting Swedish solutions and systems within the Korean market Promoting Korean investments to Sweden Ongoing dialogue with local stakeholders in order to

6、enhance market conditions for Swedish companies This report aims to improve the understanding of Swedish companies performance in South Korea and provide insights into both opportunities and challenges.In addition,it will serve as a reference in bilateral trade dialogues between Sweden and South Kor