In particular, more and more European companies are expected to enter Korea since it is opening up for foreign inward investment. Such investment will serve as a basis for further strengthening the relationship between Europe and Korea.
Prospects for the Korean economy Before I launch myself into the topic, I would first like to give you a brief introduction to the Korean economy and its prospects. The Korean economy, which recorded negative 5.8% growth last year due to the ramifications of the foreign exchange crisis, is now recovering at a considerable speed.