According to the bank, the launch of the advisory centre comes at a time when Korean companies are increasingly looking towards Southeast Asia as a strategic hub to expand their business. To be sure, the region has seen a “notable surge” in Korean FDI into the region, especially in sectors such as technology, consumer goods and manufacturing, says the bank.
United Overseas Bank (UOB) has launched a foreign direct investment (FDI) advisory centre in Seoul on March 27, an expansion from its dedicated Singapore-based Korea desk that was set up in 2023.
The centre, which is the bank’s 11th, will support the growing number of Korean companies seeking to expand into Asean through customised solutions ranging from market entry advisory and regulatory support to financing and risk management services, says UOB.
