Research on the Investment of Chinese and Korean Enterprises in the Middle East Arab Market

Abstract

Purpose - The Middle East is experiencing constant international conflict. Still, with global investment attracting much attention, trade continues to increase, and the image of war-torn areas is changing gradually.
 Design/Methodology/Approach - Many countries in the Middle East are opening up their markets from oil and state monopolies, trying to attract investment and participate in the construction of diversified domestic industries.
 Findings - These countries are actively promoting that they are safe and reliable investors, regardless of regional conflicts, when political instability or tension in certain regions of the Middle East increases. In addition, Korean and Chinese companies are increasingly interested in the Middle East due to increased economic exchanges between Arab countries and China, increased investment in infrastructure by oil-producing countries, and increased imports and exports of Korean products. However, companies seeking access to Middle Eastern markets often face more complex problems than when they entered other regions.
 Research Implications - Investment in the Middle East market depends on the needs of related companies and governments in the Middle East, so it isn't easy to find a common point of contact. The number of Arab countries in the Middle East, including Kuwait, Saudi Arabia, Iran, Iraq, Egypt, Qatar, and Palestine, is estimated to be about 20. By analyzing the practicality and applicability of commercial and corporate laws in these countries, we will give some legal issues that Chinese and Korean companies should pay attention to when investing in the Middle East market.