FDI Promotion Policies in the United Kingdom, Singapore and Malaysia: Lessons for Korea

Seong-Bong Lee, Dong-Wha Shin and Hyoung Kun Lee
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Seong-Bong Lee: Korea Institute for International Economic Policy
Dong-Wha Shin: Korea Institute for International Economic Policy
Hyoung Kun Lee: Korea Institute for International Economic Policy

East Asian Economic Review, 1998, vol. 2, issue 4, 157-187

Abstract: The Law to Promote Foreign Investment, which has been effected in Nov. 1998, has amended the support system of reducing taxation greatly. Though the extent that the investment support system improved compared to the past is important, what's more important is the level of Korean investment condition comparing to other countries. Based on the analysis of the instances of Britain, Singapore and Malaysia, this study inspected and took a close look at Korean policy of attracting foreign investment afresh and brought up the direction of improvement. This study got enlightenment on policy of attracting foreign investment in the view of stratagem, the improvement of investment environment, strengthening the cooperation and adjustment of capital attracting institutions, flexible award system and strategic application in investment free areas.

Keywords: Foreign Direct Investment; Taxes; United Kingdom; Singapore; Malaysia (search for similar items in EconPapers)
JEL-codes: F21 F23 (search for similar items in EconPapers)
Date: 1998
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