Country Project: South Korea does not restrict FDI.

III.International Factor Movements (by 4/7)
A.MNEs.
* Is your country the home of any major MNEs?
[South Korea is home to several MNEs, the largest being Samsung Electronics. Other key MNEs headquartered in the country include Hyundai Motor Group, Kia Motors, POSCO, LG, Hyosung Group, and Lotte Corporation.]
* Does your country host any major MNEs?
[South Korea also hosts some of the major MNEs in the world. These include GM, ASML Holding, eBay, Ikea, Google, Subway, Tokyo Electron, and Pfizer. All these MNEs and many others are hosted in the country.]
B.Foreign direct investment (FDI) and taxation.
* Does your country restrict foreign direct investment?  If so, how does it do so?
[South Korea does not restrict FDI. In fact, the country seeks to encourage foreign firms to set up operations within its borders. It has in place the Foreign Investment Promotion Act that supports investment by foreign investors and guarantees their convenience. Furthermore, there are FDI incentives in the form of tax support that include exempt from customs duties, reduction of income and corporate tax, and property tax reduction.]
* Is your country a significant source of FDI?  A significant destination for FDI?
[South Korea is both a source and a destination of FDIs. As a source of FDI, its top MNEs such as Samsung Electronics, Kia Motors, and Hyundai Motor Group have set up plants in different countries around the world. Kia Motors has design centers in Germany, California, and China as well as manufacturing plants in Mexico, Vietnam, Georgia, US, Pakistan, and India. Samsung also has manufacturing plants in Vietnam and Austin, US. As a destination, major firms such as GM, Pfizer, Tokyo Electron, and Ikea are examples of foreign companies with FDIs in South Korea.]
* How does your country tax the income of MNEs?  Is your country a tax haven?
[Part of the country’s FDI incentive is income and corporate tax reduction. The country does this to attract foreign investment. While at the moment the country is not tax heaven, it has in the past been designated as a tax haven. In 2017, the country was blacklisted as a tax haven by the EU. The union claimed that the exemption of corporate tax for foreign MNEs was against the principle of fair taxation. However, the country was excluded from the list in 2019 after it improved transparency in foreign investment practices. The country had to revise its tax laws and as a result, it removed the tax exemption practice.]
C.Migration.
* Is there significant immigration to your country?  If there is significan...