1、 BUSINESS CLIMATE SURVEY FOR SWEDISH COMPANIES IN SOUTH KOREA 2025 A REPORT FROM TEAM SWEDEN IN SOUTH KOREA TABLE OF CONTENTS FOREWORD.3 ABOUT THE SURVEY.5 ECONOMIC OUTLOOK.6 THE MARKET.10 HOW SWEDISH COMPANIES SUCCEED IN SOUTH KOREA.15 ACTING SUSTAINABLY.18 CONTACT US.22 KEY CONTRIBUTORS TO THIS RE

2、PORT Business Sweden in South Korea Johan Chun,Yoonji Cheong,Jesper Renfors Swedish Chamber of Commerce in Korea Grace Oh,Alex Ha Embassy of Sweden in South Korea H.E.Karl-Olof Andersson,Johannes Andreasson,Sung A Ryu copyright 2025 Team Sweden FOREWORD FOREWORD Over the past couple of years,the Kor

3、ean market has gained attention due to its high digitalisation,strong innovation,educated workforce,and developed economy.Consequently,more Swedish companies are looking to South Korea for international expansion and partnerships.Since 2016,South Korea has been Swedens third-largest trading partner

4、in Asia.Despite global uncertainties,South Korea has been a trusted business partner for Swedish firms for over 100 years.Jointly owned by the State and the business sector,Business Sweden has around 50 offices worldwide.It provides market information,advice,and support services to Swedish companies

5、 to help them grow internationally,as well as assists foreign investors who want to enter and expand in the Swedish market.Business Sweden collaborates with embassies,consulates,and stakeholders in markets across the world.For the past 13 years,it has supported the establishment of more than 50 new

6、Swedish subsidiaries in the South Korean market,which now total over 120.The Embassy of Sweden in Seoul plays a pivotal role in strengthening the economic and business ties between Sweden and South Korea.Since 1959,the embassy has been a key facilitator of trade promotion and business collaboration.