• News

As the world continues to recover from the coronavirus pandemic, Fairfax County Economic Development Authority (FCEDA) returns to South Korea this May on an in-person visit by International Business Investment Manager Christy Youk. FCEDA has served as a go-to resource for Korean companies interested in expanding into the U.S. market since 2004.

“Our international business investment team is excited to be back visiting Seoul and re-engaging with companies and start-ups looking to establish a presence in the United States,” said FCEDA President and CEO Victor Hoskins. “We look forward to supporting Korean businesses in their efforts to grow and flourish.”

More than 60 Korean companies currently maintain offices in Fairfax County, Virginia – a thriving innovation and tech hub right outside of Washington, D.C.  Samsung, SK Signet, Golfzon and Korean Aerospace Industries are just a few examples of companies with a major presence in Fairfax County.

“FCEDA is delighted to be back in South Korea and collaborating with local companies and start-ups to help them enter the U.S. market,” said Ms. Youk. “I am excited to share how Fairfax County’s ideal location; our supportive economic environment that fosters start-ups; and our desirable quality of life can offer the perfect entry point for Korean businesses to begin their journey here.”

Located in close proximity to Washington, D.C., companies with offices in Fairfax County have convenient access to the U.S. federal government – the largest single customer in the world – as well as international financial institutions, legal experts, and the international diplomatic community. This hub of technology and innovation on the U.S. East Coast provides an affordable yet strategic alternative to competitors. It offers a time zone that makes working globally more efficient and links to global markets through Washington Dulles International Airport, with hundreds of non-stop flights to domestic and global destinations, including Incheon International Airport.

Fairfax County also provides access to highly skilled talent, a diverse pool of international workers and a highly desirable quality of life. A sizable Korean population makes Fairfax County an excellent choice for Korean businesses looking to relocate workers and settle into the U.S. Nearly one-third of the county’s population is international and diversity and inclusion in the workplace remain a top priority here.

Fairfax County’s robust global business community features 10 Fortune 500 headquarters; leading government contractors; more than 8,800 technology businesses; and global headquarters for companies such as Hilton, Mars, and Northrop Grumman. The region specializes heavily in information technology, cybersecurity, financial services, government, and defense technology, and more.

Navigating the intricacies of being a multinational legal entity can be tough. Whether you need assistance with financial services, offshore bank accounts, company formation, or have international trade questions, FCEDA is here to help.

About Fairfax County Economic Development Authority

FCEDA has maintained an office in South Korea since 2004 and serves as a go-to resource for companies interested in expanding into the U.S. market. The FCEDA’s office in Seoul also serves other Pacific Rim countries. In addition to its headquarters in Tysons, Fairfax County’s largest business district, FCEDA maintains business investment offices in six important global business centers: Bangalore/Mumbai, Berlin, London, Los Angeles, Seoul, and Tel Aviv. To learn more, visit https://www.fairfaxcountyeda.org/.