Q: How often does South Korea participate in the EB-5 immigration investor program?
Sandra Dyche: South Korea was the largest EB-5 market three years ago until China surpassed it. However, South Korea continues to be the second largest market for the EB-5 program in the United States.
Q: Where does Seoul’s economy rank internationally?
Sandra Dyche: Seoul, the country’s capital and largest city, is currently the fourth largest metropolitan economy in the world, after New York City, Los Angeles and Tokyo.
Q: What’s the most critical element when performing business transactions overseas?
Sandra Dyche: Knowing the market and the particular region is incredibly important for executives and entrepreneurs doing business overseas.
Q: What major corporations are based in Seoul?
Sandra Dyche: Seoul is the headquarters of numerous international companies. At this time, Hyundai, Kia, LG and Samsung are all stationed there.
Q: What kind of impact do these organizations have?
Sandra Dyche: These corporations generate more than 20 percent of the country’s gross domestic product.
Q: What are the major industries in Seoul?
Sandra Dyche: Seoul’s economy is primarily focused on building, manufacturing and tourism.
Q: Is the population in Seoul diverse?
Sandra Dyche: Most of the city’s residents are Korean, although groups of Japanese and Chinese also make their homes in Seoul.
Q: What are the major attractions?
Sandra Dyche: Seoul features a slew of historic monuments and sites, including the Jongmyo Shrine, the Hwaseong Fortress and the Royal Tombs of the Joseon Dynasty.
Q: What about shopping?
Seoul has a wealth of shopping options, most notably the Dongdaemun Market.
Q: What’s the yearly climate like?
Sandra Dyche: The climate is on the border of humid continental and humid subtropical.
Q: What does that mean?
Sandra Dyche: Summers are typically hot and humid, with monsoon season occurring in June and July. Winters are relatively cold.