BUSAN, South Korea – The results of fDi magazine’s Asia-Pacific Cities of the Future 2011/12 survey see Busan ranked sixth in the FDI Strategy category.
The survey by FDI Intelligence, a bi-monthly magazine issued by the Financial Times, ranks 141 Asia-Pacific cities every two years. The results of the survey were released in the December 2011-January 2012 issue and an investment strategy award was given to Busan City during a ceremony in Singapore on July 1, 2012.
The full results of the survey can be found on www.fdiintelligence.com/Locations/Asia-Pacific/Asia-Pacific-Cities-of-the-Future-2011-12
FDI Intelligence listed the rankings of the Cities for the Future in the Asia-Pacific based on factors like business friendliness, economic potential, cost effectiveness, human resources, infrastructure, quality of living, and FDI strategy.
In “FDI Strategy” category, the top five ranked cities were Singapore, Hong Kong, Seoul, Brisbane, and Sydney, and Busan followed in 6th place. Busan was the only Korean city to be given a high rating for its efforts to attract foreign investments. The survey results said of Busan, “Busan is proactive in FDI promotion and offers investors a favorable investment climate, a skilled workforce and good infrastructure. The port at Busan has the potential to become a logistics hub for Northeast Asia.”
Seoul finished third in the ranking, up from fifth place in the Asia Pacific Cities of the Future 2009/10 list. Singapore was the top-ranked city in FDi's Asia-Pacific Cities of the Future 2009/10 list and held on to first place in the 2011/12 ranking. It scored well in all categories, placing in the top five for economic potential, business friendliness and human resources, while claiming the top position for infrastructure and FDI strategy.
We expect that the results of the survey will be an important reference for potential foreign investors considering making an investment in the region.
Source: Busan City News