Korea seems strange to me. Watching Hyundai's inventory of unsold vehicles skyrocket to probably 100k while they're building a new factory in the US seems bizarre to say the least.
I like:
Panama and Costa Rica for Latin America (zomg I agree with fishhead)
In Europe I'm going with Estonia
In Africa I'm picking Nigeria all the way; it's government is intent on limiting corruption and making Lagos ever more the business capital of Africa. The Dutch Disease with their oil hardly matters here since wages are nearly zero. Senegal looks good too.
Based on what I know of the auto industry, for India I'd rather back American FDI into India than India's pathetic attempts at entering the US. I see a consumer economy finally emerging in India over the next decade, so I'd invest in the first world multinationals that are ready to step in.
Emerging business pick:
Shoprite