Korea outbound investment guide: Regulatory overview for companies doing business in Thailand

South Korea was the biggest foreign investor into Thailand in the first quarter of 2021, accounting for more than THB10 billion (USD314 million) or 17% of total foreign investment in the country, according to Thai government data. While this ranking might prove temporary, it illustrates that South Korean companies see Thailand as an attractive destination to set up businesses.

Moreover, Thailand’s increasingly tech savvy population may see the country become a major market for South Korean companies in the e-commerce, gaming, software and other digital industries.

For its part, the Thai government has played an important role in accommodating foreign investment by initiating reforms aimed at making the country an easier place to do business. Thailand now ranks 21st in the World Bank’s Global Ease of Doing Business Index.

This article provides an overview of laws and…