Doing business in korea Kasimkhan Aydin & Kadyrbergen Shyngys
1. Geography of Korea Outline 2. Economy of Korea 3. Reasons Why You Should Do Business In and With Korea 4. Things to Remember in Korea 5. Conclution
South Korea — the country located in East Asia, in the southern part of the Korean peninsula. Geography The country area — 98 480 square kilometers from . which 290 square kilometers are occupied with water resources. South Korea, view from space
The Republic of Korea is economically developed state with high level of the income per capita. Economy 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.
1. Stable Government Strong democracy Local governments anxious to help Reasons Why You Should Do Business In Korea 2. No Corruption Major corruption eliminated 3. Independent Judiciary Korea judges are fiercely independent Free from corruption No foreigner discrimination
4. Korean Consumers are Fussy Very demanding in respect of quality Excellent test market Reasons Why You Should Do Business In Korea 5. World Standards Increasingly Established in 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
1. Language Barriers English is getting better, but…. . Things to Remember in Korea Assume only 60% is understood 2. Compliance of Law Essential Foreigners violating the law are not tolerated Prosecutors are powerful Enforcement is strict
3. Consumer Protection is Strong Fair Trade Law is strict Consumer complaints are investigated Pressure on price controls Things to Remember in Korea 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
Conclusion
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Doing_business_in_korea.pptx