The Korean government has implemented various liberalization measures for foreign direct investment (FDI) as one of the main sources for fostering economic development. FDI, particularly in high-tech industries, has been recognized as a catalyst to facilitate industrial restructuring of the Korea economy. Furthermore, it would also enhance Korea`s competitiveness in the international market since FDI tends to bring with it various advanced technologies. Liberalization of FDI in Korea has been paralleled by the government`s efforts to improve the domestic investment environment. Foreign firms operating in Korea have increasingly been given equal protection and fair treatment comparable to domestic firms, and foreign investors are now allowed to participate in a wider range of investment activities than ever before. All of these have resulted in freer and fairer competition in the Korean economy.

Ⅰ. Introduction
Ⅱ. Overview of the Korean Economy and the Role of Foreign Direct Investment in Korea

Ⅲ. Foreign Direct Investment Policy in Korea
1. Historical Overview of Foreign Direct Investment Policy
2. Trends in Foreign Direct Investment
3. Current Foreign Direct Investment Regime
4. Future Directions

Ⅳ. Overseas Direct Investment Policy in Korea
1. Historical Overview of Overseas Direct Investment Policy
2. Trends in Overseas Direct Investment
3. Current Overseas Direct Investment Regime
4. Future Directions

Ⅴ. Concluding Remarks

References