Market Intelligence
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Korea’s Saving and Recycling of Resources Act (Recycling Act) bans the usage of plastic materials that are difficult to recycle such as PVC and colored PET bottles.
Market expansion opportunities exist for American chemical companies for IT and electronics materials in Korea.
Korea’s energy policy supports a move away from coal and civil nuclear in favor of LNG and renewable. This has implications as the U.S. liquefaction capacity continues to grow.
Korean standards on drone delivery and infrastructure to support a safe environment will be established by 2023 and actual delivery operation will start in 2025.
Where you come from matters if you want to enter the Korean Franchise market.
Korea’s tourism market opportunities remain strong. Growth trends are moving toward more diverse travel experiences and optimizing social media landscape.