The EU has been the single largest foreign investor in South Korea since 1962, and accounted for almost 45% of all FDI inflows into Korea in 2006. Nevertheless, EU companies have significant problems accessing and operating in the South Korean market because of stringent standards and testing requirements for products and services often creating barriers to trade. Both in its regular bilateral contacts with South Korea and through its FTA with Korea, the EU is seeking to improve the current geopolitical situation.
The EU has been the single largest foreign investor in South Korea since 1962 and accounted for almost 45% of all FDI inflows into Korea in 2006. Nevertheless, EU companies have significant problems accessing and operating i,n the South Korean market because of stringent standards and testing requirements for products and services often creating barriers to trade. Both in its regular bilateral contacts with South Korea and through its FTA with Korea, the EU is seeking to improve the current geopolitical situation.