Finances

The organization that you work for is currently in the process of setting up a production facility overseas. You have been asked to present a proposal comparing the risks and benefits of starting operations in two foreign countries.
For this assignment you may choose any two foreign countries for comparison. Use your text and the web to locate information on the types of risk and the background on the two countries. In this proposal you will provide a recommendation as to which country should be selected for the project.
Korea offers one of the most attractive production bases among emerging economies in terms of the availability of skilled labor and research and development ability, but the country's infrastructure and wage level are less competitive.
According to the Korea International Trade Association July 15, a study by Nova Research AG, a private consulting agency for multinational corporations, has discovered that Korea offered the highest availability of skilled labor with high levels of education among 25 emerging markets - including Singapore, China, India, Hungary, Mexico and Israel.
Korea's research and development index, which reflects its per-capita R&D spending and its number of global patent filings, was

A great majority of the local exporters that had moved or plan to relocate their production bases overseas picked China for their destination. They cited the need to cut costs, have a secure labor force and expand overseas markets.

Considering Korea's highly skilled labor and less competitive wages, the country needs a strategy to attract high-tech firms and distribution service businesses in order to lure more foreign direct investment.