Region
High-income OECD
Income group
High income
Most populous city
Seoul

ACCESS DATA BY
ECONOMY OR TOPIC


or

Disclaimer: Note that the following information is not part of the score that the country receives on the Investing Across Sectors indicators. This information is provided as complementary to the data on the foreign ownership restrictions, and is based on the survey respondents’ comments and assessments. The World Bank Group does not guarantee accuracy of this information.

Sector group:
Transport
Sector:
Port operation: A foreign company seeking to own and operate container terminals at your country’s main commercial port(s). Note: Excluded from the definition are maritime auxiliary services, e.g., cargo handling services, storage and warehousing, customs clearance services, freight forwarding services, etc.
Market structure:
 
Survey respondents' answer to the following question, "Define the market structure in your economy for this sector."
Oligopoly, i.e. a few large firms
Regulatory license:
 
Survey respondents' answer to the following question, "If a foreign company wanted to obtain a sector-specific regulatory license (or a concession contract) to open and operate a new business in that sector, how likely would the government be to issue such a license, provided that the foreign company meets all legal and regulatory requirements?"
Likely
Name of regulatory authority
[Article 9 of Harbor Act] an approval from the Minister of the Ministry of Land, Transport and Maritime Affairs.
Additional comments:
There are no foreign firms currently operating in this sector