Overseas Expansion

Explore opportunities in the US or Indian market

As Korea faces the challenge of shrinking demographics, domestic firms are compelled to look beyond their borders and expand abroad to proactively seek out new markets and opportunities
By venturing abroad, Korean firms can not only offset the impact of demographic changes but also foster innovation, gain a competitive edge, and secure a stronger position in the global economic landscape
Embracing international expansion becomes not only an imperative but a strategic pathway for Korean companies to navigate the complexities of an evolving world and ensure their long-term success.

Changing markets

In the past, companies based their global strategies on certain assumptions: International trade and investment would keep growing, driving global GDP, and be regulated by multilateral rules and institutions. To gain a cost advantage, companies would establish a global presence, manufacturing and sourcing from low-cost countries and selling in various markets.

Things have changed. Recent geopolitical shifts such as the US-China de-risking, disruptive technologies (IoTs, AI) , as well as evolving cost structures (resiliency over efficiency), have shattered these assumptions about international business and globalization.

Today, the rules of international business are being rewritten, creating new opportunities for nimble companies. TLG-Asia can help you understand the changing economic patterns and seize the opportunities.
Also, while the world becomes more decentralized politically and logistically, digital integration of customers, devices, services, and processes is on the rise – making the use of data ever more important. By embracing digital technologies and data, you can gain an advantage over competitors.

The simultaneous rise of economic nationalism and digital globalization is reshaping international business. We help companies adapt their products and business models to the new global reality. It’s important to take a nuanced and data-driven approach to identify growth opportunities.

Think GLOCAL - a combination of GLOBAL and LOCAL perspectives.

The rapidly evolving and complex international trade and investment environment carries risks but also enormous opportunities for those who can navigate it.

Megatrends shaping
international trade.

In today’s dynamic landscape, geopolitics and technology are orchestrating a metamorphosis in international
trade, bringing forth a myriad of opportunities and risk.

Adopting a passive “wait-and-see” stance is no longer a viable strategy for firms seeking advantage.

To stay ahead of the curve, understanding the crucial megatrends reshaping global trade is paramount. The
following pivotal changes are significantly impacting all companies

1

Economic nationalism is rising

The rise of anti-globalization movements, spanning the political spectrum, has given birth to trade wars and renegotiation or withdrawal from multilateral agreements like NAFTA and the Trans-Pacific Partnership.

Localized supply chains are gaining momentum:

Automation-driven reductions in “labor arbitrage” and the advent of flexible “Industry 4.0” advanced manufacturing systems are making local production more feasible and cost-effective, reducing the dependence on long-distance global supply chains

2

3

The digital economy takes center stage

As cross-border merchandise trade experiences a slowdown, international trade in services and value-added solutions through digital platforms is witnessing exponential growth.

State capitalism is expanding

The global reach of state-owned enterprises, particularly from China,
is expanding, even as they continue to enjoy protection in their domestic markets.

4

While political tensions surrounding trade may evolve in various regions, the four megatrends mentioned above are certain to keep the international trading system from reverting to the broad trend of trade liberalization and economic globalization experienced in the 1990s and 2000s. At TLG-Asia, we give you profound insights and actionable strategies to thrive in this rapidly transforming international trade landscape. Embrace change, seize opportunities, and secure your competitive advantage with our insightful support.