Doing business in korea

Should Do Business In and With Korea
4. Things to Remember

in Korea
5.Conclution

South Korea, view from space

South Korea — the country located in East Asia, in the southern part of the Korean peninsula.

The country area — 98 480 square kilometers from which 290 square kilometers are occupied with water resources.

level of the income per capita.


Advantages: the world's largest sudoproizvoditel

(45% share of the market). Great demand in China on the Korean goods, especially cars.



Weaknesses: high debt and sensitivity to the international movement of the capital. The public sector burdens economy.

Strong democracy
Local governments anxious to

help

2. No Corruption
Major corruption eliminated

3. Independent Judiciary
Korea judges are fiercely independent
Free from corruption
No foreigner discrimination

are Fussy
Very demanding in respect of

quality
Excellent test market

5. World Standards Increasingly Established in Korea
Korea #1 in Shipbuilding , Semiconductors , Cell Phones

6. Koreans Highly Educated
Highest rates of high school & college graduation

7 You will Make Money
Most Foreign companies profitable

English is getting better, but…..
Assume only

60% is understood

2. Compliance of Law Essential
Foreigners violating the law are not tolerated
Prosecutors are powerful
Enforcement is strict

Fair Trade Law is strict
Consumer complaints

are investigated
Pressure on price controls

4. Appeals to Emotions
Why is your product or service good for Korea
Will it help Korea become more global , etc.
Help you counterparty become more successful

5. Koreans are Motivated to Win & Having Fun