Foreign residents in Korea are realizing success in establishing niche markets to fit the local market, thanks to the business school set up by the Seoul Metropolitan Government.
Seoul City launched the Foreign Business College in April 2009, making the nation’s capital the first local administrative government to found such an institution, aimed at helping foreigners set up a business. The program teaches necessary basic business knowledge and provides insight to various industries. All classes are conducted in English.
This year, 18 foreign entrepreneurs from eight countries, including Singapore, New Zealand and the United States, enrolled in the Foreign Business College and also received consultation services provided by the Seoul Global Center. Their areas of interest included wholesale, retail, information technology, consulting and education.
Seoul City says it plans to run the business education program continuously, and the fourth round of the program is scheduled to begin in November.
Applications will be accepted beginning in mid-November. They can be completed through the Seoul Global Center home page or at each of the village centers around the city.
Foreign residents of Seoul with a detailed business plan will be given priority in the admission process.