Songdo IBD is located in South Korea, a country rich with culture and about 5,000 years of history.  Korea stands at the strategic center of Northeast Asia and has the human and technological resources to best take advantage of the tremendous expansion of the region.  Modern Korea is one of the most successful countries in the world and has emerged from the ruins of war in the 1950s to a population of 50 million and has become the 13th largest economy in the world today.

The relentless and indomitable will of the Korean people has enabled Korea to become the market leaders in industries like biotechnology and information technology.  Korea uses the best current business standards and has one of the most advanced information and communications technology (ICT) infrastructures.  It has the highest rate of broadband penetration in the world. In terms of number of subscribers, Korea's mobile phone market is the region's third largest and has one of the most advanced installed 3G networks. Korea has modern infrastructure comparable in many areas to the best in the world.

The importance of and focus on education in Korea also allows the country to boast of having the largest number of college graduates and Ph.D.s in the world as well as having an adult literacy rate of nearly 100%. Many Korean students go abroad for undergraduate or graduate studies, with nearly 100,000 Korean students enrolled in China alone. The Unites States is another popular place for Korean student to study and economic opportunities have enticed many overseas students to return to their home country.

The Korean Government has put forth a vision of positioning South Korea as a Northeast Asia business hub, further transforming the country into a knowledge-based, service-oriented economy.  With its strategic location, rich market potential, strong industrial base, highly educated workforce, and a world class communication and logistics infrastructure, Korea is a dynamic place to live and to do business.