R&D

Human Resource
Development Program
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Invest KOREA is the Korean national investment promotion
agency (IPA), established with the sole purpose of facilitating the entry
and successful establishment of foreign business into Korea. Nor does
our involvement halt there, since our agency delivers an extensive
post-establishment service designed to promote the rapid settlement
of foreign corporates in Korea and ensure they maximize the benefits
of the Korean investment environment to the fullest extent.
The scope of our activities on behalf of foreign business ranges
from business consultation, market research and partner searches to
accessing grants, administrative processing and resolving difficulties
with government and mediating in labor disputes.
Invest KOREA is dedicating to providing the kind of comprehensive,
seamless, one-stop service that allows foreign investors to put roots in
Korea and join the thousands of others who are operating successfully
and profitably here.
Our Vision & Mandate
R&D Human Resource Development Program
Qualifications for R&D centers
(or host companies)
The R&D Human Resource Development Program was recently
introduced by Ministry of Commerce, Industry and Energy to cultivate
R&D talents nationwide by providing financial support to R&D centers
(or host companies). Newly established R&D centers or existing R&D
centers in Korea can take advantage of the program specifically for
newly-employed R&D personnel and training personnel dispatched
from abroad.
R&D centers (or host compani es) who meet the three basi c
qualifications described above are welcome to apply for the program.
Evaluation committees will take into consideration the technical and
economical benefits of the applicants’ R&D activities to the Korean
market, as proposed in the application documents.
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• State-of-the-art R&D capacity
• Global marketing and distribution network
• Advanced in-house R&D training program
Specifics of Financial Support
• R&D personnel
New employment
R&D centers (or host companies) can receive matching grants for
newly-employed R&D personnel. The period of the employment
contract should be two years or longer and the grant covers up to
80% of annual salary within 30 million Korean Won (approx.
US$28,000) for the first two years.
Renewed employment
R&D centers (or host companies) can hire persons described above
as long-term employees and receive matching grants. The period of
the employment contract should be three years or longer and the
grant covers up to 50% of annual salary within 30 million Korean
Won (approx. US$28,000) for the first three years.
• Training personnel
Temporary stationing
R&D centers (or host companies) can transfer training personnel
from abroad. Training personnel should participate in in-house
training programs and the grant covers up to 50% of accommodation
expenditure within 50 million Korean Won (approx. US$47,000)
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• Application
Period
• 1
st
round: October 15-November 30, 2004(End)
• 2
nd
round: April 15 - May 31, 2005
• 3
rd
round: October 15-November 30, 2005
• 4
th
round: April 15 - May 31, 2006
Application documents
• Application form
(Download it from www.kotra.or.kr or www.investkorea.org)
• Research & Development Plan
* Application documents should be in Korean
• Evaluation
Technology evaluation
Business evaluation
* Evaluated by the external evaluation institution
• Selection
Period
• 1
st
round: during December 2004(End)
• 2
nd
round: during July 2005
• 3
rd
round: during December 2005
• 4
th
round: during July 2006
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Procedure
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• Intel
Digital Home Networking & Mobile Communications R&D Center
Craig Barrett, “Korea is well equipped with its IT infrastructure in
such areas as mobile communications and home networking.
Moreover, highly-educated human resources in engineering makes
Korea a prime site for R&D center.”
• Microsoft
Mobile Innovation Laboratory
World’s first mobile laboratory of Microsoft
Pieter Knook, “Korea is global leader in mobile market. MS feels
certain that MS’s investment in Korea will suitably harmonize with
growing mobile market of Korea resulting win-win model.”
• Sybase
Mobile Business Intelligence Solution Center
John Chen, CEO, “Not only Korea is the world leader of BT solution
in Asia-pacific region, but Korea also has great potentials to utilize
BI products with strong technology and business power . As world
leader of mobile market, Korea has the most suitable conditions to
construct mobile BT center.”
• Agilent
Mobile Design Center
Bi ll Sulli van, “ Korea i s i nnovati ve country taki ng i n new
technologies very quickly. Korea is world’s IT leader especially in
wireless communications. ”
• IBM
Ubiquitous Computing Laboratory
“IBM is planning to concentrate on research and development of
telematics and embedded software.”
Global Leaders Choose Korea as a R&D Hub
• HP
Korea Development Center: Ubiquitous Mobility & RFID
Infrastructure
Ha, Seok Ku, “Korea is leader in various fields of IT market and with
its excellent internet infrastructure, Korea has the most suitable
conditions to build R&D center.”
• SIEMENS
Medical Research & Development Center
Hermann Requardt, “New innovative product will be developed by
combining our technology and brain of Korea.”
Josef Winter “Korea has excellent universities and outstanding
research human resources from those universities. R&D especially
needs passion and I believe Koreans are the best in this respect.”
• Spansion
System Engineering Center
“Samsung is Korean company which is #1 in memory semiconductor
market. Moreover, mobile market is growing rapidly in Korea.
Therefore, R&D center in Korea is strategically essential to
strengthen Spansion’s capacity.”
Bertrand Cambou, “Korea is the best market for designing and
testing flash memory products and has excellent engineering human
resources related to mobile phones.”
• Freescale
Automotive Semiconductor R&D Center
Michel Mayer, “ Freescale is planning to develop telematics products
by establishing automotive semiconductor R&D center in Korea.
Moreover, Freescale will also strengthen telematics section where
Korea is in the center of fast growing market.”
• ATI
Graphic Chipset Development Center
“R&D center in Korea will lead ATI’s core technology for mobile
phones, especially graphic chip development for game phones.”
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Global IT R&D Centers in Korea
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Dtíví¬c Tetl¬tltcy Ttnttttv's
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R&D Centers by Industry
• Total number of R&D centers in private sector recorded
10,000 in Sept. 2004
• Electronics & IT sector has shown strong position since
the end of 1990s when technology-innovative business
have exploded
• Foreign R&D Center Presence
- 901 (9.0%) Corporate R&D Centers established by Foreign Investors
Distribution of R&D Centers by Industry
Eiectronics & IT
Machinery
Chemical/BT
Construction/ET
Food
Textile
Others
Source : Ministry of Science & Technology
(Unit, %)
5519,55%
1612,16%
1592,16%
667,7%
170,2%
315,3%
125,1%
Composition of Corporate with 100% Foreign
Investment Equity Ratio
USA
Germany
Japan
Netherlands
Others
USA, 53
Germany, 19
Japan, 17
Netherlands, 8
Others, 38
(Country, Unit)
Who & What We Are
Invest KOREA is the new name of the Korea Investment Service Center
(Invest KOREA), which was established in 1998 as part of a radical liberalization of the
Korea investment regime under the Foreign Investment Promotion Act of the same
year. Major recent revisions to the Act empower Invest KOREA to act as far a more
efficient, practical and integrated investor service.
Who Makes Our Agency Work
Invest KOREA is staffed with KOTRA employees who have extensive expertise
and experience in supporting inbound foreign direct investment (FDI), public servants
from other related government agencies, and experts from the private sector in fields
such as accounting, law (including tax and labor law), as well as mergers and
acquisitions (M&A). Invest KOREA personnel have become progressively more
specialized to meet the increasingly more particular needs of our clients. Accordingly,
the agency’s staff will be bolstered by specialists from specific industrial sectors to
provide faster and accurate investment-related services to foreign investors as
determined by need.
Where We Are
From our head office in Seoul, Invest KOREA operates a network of 36
overseas branch offices located across five continents in the major financial and
decision-making centers of the world. Truly, we may say we are on the doorstep of the
globe’s major investors wherever they might be to act as their proxies in locating in
Korea offer a superlative service to ensure that their investment plans are executed to
the letter without hindrance or delay.
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KOTRA global network is at your service
• HEAD OFFICE
Seoul, KOREA
300-9, Yomgok-dong, Seocho-gu,
Seoul, Korea
TEL: (82-2) 3460-7543/7545
FAX: (82-2) 3460-7946/7
www.investkorea.org
E-mail: ikmaster@kotra.or.kr
• NORTH AMERICA
New York, U.S.A
TEL: (1-212) 826-0900
FAX: (1-212) 888-4930
E-mail: kotrany@ix.netcom.com
Los Angeles, U.S.A
TEL: (1-323) 954-9500
FAX: (1-323) 954-1707
E-mail: laktc@yahoo.com
Chicago, U.S.A
TEL: (1-312) 644-4323
FAX: (1-312) 644-4879
E-mail: info@kotrachicago.com
Dallas, U.S.A
TEL: (1-972) 243-9300
FAX: (1-972) 243-9301
E-mail: ktcdfw@swbell.net
Washington D.C., U.S.A
TEL: (1-202) 857-7919
FAX: (1-202) 857-7923
E-mail: main@kotradc.com
San Francisco, U.S.A
TEL: (1-650) 571-8483
FAX: (1-650) 571-8065
E-mail: info@kotrasf.org
Atlanta, U.S.A
TEL: (1-770) 508-0808
FAX: (1-770) 508-0801
E-mail: information@kotraatl.com
Miami, U.S.A
TEL: (1-305) 374-4648
FAX: (1-305) 375-9332
E-mail: ktcmiami@aol.com
Detroit, U.S.A
TEL: (1-248) 355-4911
FAX: (1-248) 355-9002
E-mail: detroit@kotradtt.org
Toronto, CANADA
TEL: (1-416) 368-3399
FAX: (1-416) 368-2893
E-mail: info@kotra.ca
Vancouver, CANADA
TEL: (1-604) 683-1820
FAX: (1-604) 687-6249
E-mail: ktc@kotrayvr.com
• EUROPE
Frankfurt, GERMANY
TEL: (49-69) 242-9920
FAX: (49-69) 25-3589
E-mail: frankfurt@kotra.or.kr
Berlin, GERMANY
TEL: (49-30) 2096-2637
FAX: (49-30) 2096-2635
E-mail: kotra-berlin@t-online.de
Hamburg, GERMANY
TEL: (49-40) 23-2235/2638
FAX: (49-40) 23-3998
E-mail: kotraham@t-online.de
Munich, GERMANY
TEL: (49-89) 2424-2630
FAX: (49-89) 2424-2639
E-mail: munich@kotra.or.kr
Paris, FRANCE
TEL: (33-1) 42-25-09-57
FAX: (33-1) 42-25-09-50
E-mail: info@kotraparis.com
London, U.K.
TEL: (44-20) 7491-8057
FAX: (44-20) 7491-7913
E-mail: kotra@kotra.co.uk
Brussels, BELGIUM
TEL: (32-2) 203-2142
FAX: (32-2) 203-0751
E-mail: kotrabru@skynet.be
Milano, ITALY
TEL: (39-02) 795147, 795813, 796384
FAX: (39-02) 798235
E-mail: kotramil@kotra.it
Zurich, SWITZERLAND
TEL: (41-1) 202-1232
FAX: (41-1) 202-4318
E-mail: ktc@kotra.ch
Stockholm, SWEDEN
TEL: (46-8) 30-80-90
FAX: (46-8) 30-61-90
E-mail: kotra.st o@kotra.nu
Copenhagen, DENMARK
TEL: (45) 3312-6658
FAX: (45) 3332-6654
E-mail: info@kotra.dk
Amsterdam, NETHERLANDS
TEL: (31-20) 673-0555
FAX: (31-20) 673-6918
E-mail: info@koreatradecenter.nl
Vienna, AUSTRIA
TEL: (43-1) 586-3876
FAX: (43-1) 586-3979
E-mail: kotravie@kotra.at
• ASIA & OCEANIA
Singapore
TEL: (65) 6221-3055
FAX: (65) 6223-5850
E-mail: kortrade@singnet.com.sg
Sydney, AUSTRALIA
TEL: (61-2) 9299-1790
FAX: (61-2) 9299-1792
E-mail: info@kotra.org.au
Melbourne, AUSTRALIA
TEL: (61-3) 9699-3833
FAX: (61-3) 9699-3811
E-mail: ktcmel@bigpond.net.au
• JAPAN
Tokyo
TEL: (81-3) 3214-6951
FAX: (81-3) 3214-6950
E-mail: kotratky@kotra.or.jp
Osaka
TEL: (81-6) 6262-3831
FAX: (81-6) 6262-4607
E-mail: osaktc@kotra.or.jp
Nagoya
TEL: (81-52) 561-3936
FAX: (81-52) 561-3945
E-mail: nagoya@kotra.or.jp
Fukuoka
TEL: (81-92) 473-2005
FAX: (81-92) 473-2007
E-mail: kotrafuk@lime.ocn.ne.jp
• CHINA
Shanghai
TEL: (86-21) 6219-7592
FAX: (86-21) 6219-6015
E-mail: shanghai@kotra.or.kr
Hong Kong
TEL: (85-2) 2545-9500
FAX: (85-2) 2815-0487
E-mail: kotrahk@netvigator.com
Taipei, TAIWAN
TEL: (886-2) 2725-2324
FAX: (886-2) 2757-7240
E-mail: kotra.tpe@msa.hinet net
En d
www.investkorea.org
The investment promotion arm of KOTRA