Jong Hoon Jeon
Asian multinational companies (MNCs) are pursuing immense growth and investment opportunities globally. More than 42% of Fortune Global 500 companies are headquartered in Asia, an increase from just 29% in 2010 that indicates the rising competitiveness of Asia-based businesses on the world stage. Moreover, many MNCs headquartered in Asia harbor global ambitions that have grown within the last decade: based on UNCTAD’s 2020 data, the combined outwards foreign direct investment (FDI) stock from China, Japan, Korea, Taiwan and India totaled over US$5.4 trillion — more than three times of the US$1.6 trillion in 2010.
The focus of these FDIs center mainly in infrastructure development, heavy industry, automotive and high-end manufacturing. China, for example, has pledged more than US$1 trillion towards the Belt and Road Initiative, with projects and investment opportunities valued at US$3.7 trillion.
Businesses interested in these opportunities must navigate diverse geopolitics, regulatory frameworks, cultures, and languages/interpretation needs. These challenges, coupled with the necessary sensitivity to local buying practices and procurement standards, present an altogether complex web that requires your business to have a sophisticated and data-driven risk management approach. Are your overseas executives well-equipped to meet these challenges?
Marsh’s Asia Client Services practice, comprising China Client Services, Japan Client Services, Korea Client Services, Taiwan Client Services, provides the expertise to help your business succeed wherever opportunity takes you.
Our global network of more than 200 dedicated colleagues has the requisite local understanding, expertise and experience:
Our risk management and insurance expertise simplifies complex issues:
Contact us to request for a free consultation.