In old days, international trade was one of the hardest works because, it takes long time to carry products to other countries and has no technology to carry food for a long time too, but now, because of developed technologies, it becomes much easier to trade products. Korea is the one of the county that export and import a lot and it affects positively to Korea economy because it provides raw martial, extend the market size and create number of jobs. Therefore, Korea must continue international trade to develop economy. According to an article it states that “South Korea has a high dependence on import of capital goods, raw materials and industrial supplies. The country is also the 5th largest importer of oil in the world, with 3.074 million barrels imported per day.”(South Korea Export, Import & Trade) As the article report, Korea is the country that has no raw materials and industrial supplies geographically.
It is essential for foreigners or multinational companies in South Korea to understand those cultures and use them appropriately to work better with Korean employees or partners. All of these critical aspects of the Korean culture have strong influences on the way how to do business in South Korea. More and more foreigners and foreign companies have been doing business with Korean and Korean companies. For the last decade as many Korean companies become major players in global markets with their impressive performance. As foreigners and foreign companies are more involved in business with Korean and Korean companies, they would often face some difficulties of handling their daily business with Korean and Korean business people because of different expectation, practices and behaviors in each stage of business.
The country exported nearly $3 billion in entertainment, more than double 2002 exports, according to MK Daily, a Korean news portal. South Korea’s success starts with tv series’ in the nineties. Then comes the pop songs and boy bands where it really begins to influence the east. Finally, they become fans of everything, from Korean food to the Korean language. Some people are even so infatuated that they change their names to one from Korean descent.
Second, we will use the “windowing” strategy and create an online streaming service where fans from abroad can easily have access to the exact contents they are seeking for (i.e. videos of concerts of idol stars). The two alternatives that we have provided target consumers of K-pop worldwide, instead of limiting the layer of consumers to Koreans. Some may argue that it is unnecessary for companies and even the government to step in, to suit and benefit foreigners. However, K-pop has a strong competitive edge which enables it to compete worldwide, and benefiting foreign consumers will ultimately benefit domestic companies and the image of Korea itself.
According to the recent study, "South Korea has achieved economic growth at an unprecedented speed. Observers named this economic growth the “Miracle of the Hangang River”, although most of the country’s industrial facilities were destroyed during the Korean War, and the country was devoid of capital and natural resources. "(Culture and Service) Contrary to this unbelievable speed, there are a lot of problems of an economic structure that can be found easily and whether the Korean economy is really developed or not is questionable. Also, even though Korea is economically developed, it has many difficulties in its society and regard themselves as being miserable. There are statistics which show the rate of happiness among Koreans, which received
Summary 5 Anna Kim 2015461011 Buddhist Temples Korea must be proud of its cultural heritage that allures not only native people but also foreigners, especially, those, who are from Western countries. Foreigners come to Korea to find out answers on their questions: What Asia means to them or what is Korea. Korea attracts tourists being a developed country with fascinating shops, good service, health industry and entertainment as well as beauty and harmony of nature, mountains, festivals, cherry blossom and other. After reading Uri Kaplan text I want to try Temple stay and experience how monks live in a temple. Even if now Korea do not have an official religion, 22% the majority of population believes in Buddhism and 18% in Christianity (still
According to previous research, the number of foreigner visiting Korea because of Korean Wave has increased steadily (Hae Kyung Yu; Chan Ju Kim; Heera Kim, 2012). From the research, tourists from Japan and China, who account for more than 50 of all visitors to Korea, are likely to purchase cosmetics products, partly because of the so called Korean wave, a widely accepted form of Korean popular culture across Asia. The results indicated significant differences between the two groups. In general, Chinese respondents were more likely to be satisfied with and have a favourable view of Korean cosmetics products. Moreover, the Korean government has put effort to support Korean wave as industry such as using celebrities in tourism advertisement, by displaying their figure on foreign version of Korean Tourism Organization website, and even direct supports for Korean media companies (Ravina, 2009).
Korea was almost ruined in the war with Japan about 60 years ago, but by the time I was there, they have built up an entire country with the skyscrapers, high-speed trains, progressive technologies, smartphones, etc. Everything that people need for life is produced in the country. I have noticed that Samsung, which is usually perceived as a smartphones and TVs manufacturers, also produces elevators, shopping malls, hospitals and amusement parks. So, the country is highly industrial and very rapidly developing. The cities are big, there are several metropolitan cities.
The occupation of service sectors is high in South Korea. There is a budget deficit of $0.1 billion in North Korea. The economy of South Korea has a surplus budget of 2% of the total GDP .The overall economic performance of South Korea is improving. There are positive economic indicators in terms of real GDP and the sectored composition of the aggregate GDP (Korea Economic Institute, 2008). A collectivist economy is characterized by government intervention.
South Korea is a welcoming and hospitable country with an overall high tourist attraction rate, yet it has been declining in performance the past few years. The country’s citizens are extremely disappointed in the workforce due to the unsatisfactory progress reports the country has been receiving from OECD. Some even claim that the country reached its peak when the fertility rate switched its course and slowly started to decrease. The majority of the obstacles or complications that are happening in the country are because of the dangerously low and dwindling birth rate. It has been causing a rapidly aging population, a lower labor force participation rate, and a possible extinction of the country.