A recent survey showed South Korea is the second most attractive market in Asia for foreign investors, a local trade and investment agency said Sunday.

According to the Korea Trade-Investment Promotion Agency, the country was ranked the second among seven Asian countries surveyed in terms of attractiveness to foreign investment. The other six countries are Singapore, which ranked the highest, Hong Kong, Japan, China, Taiwan and Malaysia, according to KOTRA.

In the survey, 243 foreign businesses in 21 countries were asked 28 items in 10 investment related areas, including market size, labor cost, stability and tax.

South Korea received the highest points among the seven countries in most of areas concerning social infrastructure, such as logistics, communications and stability of power supply.

It, however, scored one of the lowest in terms of geopolitical risks, apparently due to its long lasting tension with communist North Korea. (Yonhap)