mgt113 -south korea

8/6/2019 MGT113 -South Korea

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SOUTH KOREA

MGT113 Asian Management


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GDPPER CAPITA (CURRENT US$)

GDP per capita is gross domestic product divided by midyear population. GDP is the

sum of gross value added by all resident producers in the economy plus any product

taxes and minus any subsidies not included in the value of the products. It is

calculated without making deductions for depreciation of fabricated assets or fordepletion and degradation of natural resources. Data are in current U.S. dollars.

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

South Korea 11347 10655 12094 13451 15029 17551 19707 21653 19162 17078

Philippines 977 899 951 967 1036 1156 1349 1624 1844 1752

1134710655

1209413451

15029

17551

19707

21653

19162

17078

977 899 951 967 1036 1156 13491624 1844 1752

0

5000

10000

15000

20000

25000

GDP Trend

South Korea Philippines


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BUSINESS ETIQUETTE & CUSTOMS INSOUTH KOREA

Relationships & Communication

South Koreans prefer to do business with people with whom they have a personalconnection.

It is therefore crucial to be introduced by a third-party.

Relationships are developed through informal social gatherings that often involve aconsiderable amount of drinking and eating.

Individuals who have established mutual trust and respect will work hard to makeeach other successful.

South Koreans treat legal documents as memorandums of understanding.

They view contracts as loosely structured consensus statements that broadly defineagreement and leave room for flexibility and adjustment as needed.

Under no circumstances insult or to criticize in front of others.

Sensitive matters may often be raised indirectly through the intermediary that firstmade the introductions.

South Koreans are extremely direct communicators. They are not averse to askingquestions if they do not understand what has been said or need additionalclarification.

This is a culture where "less is more" when communicating. Respond to questionsdirectly and concisely.


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BUSINESS ETIQUETTE & CUSTOMS INSOUTH KOREA CONTINUED.

Business Meeting Etiquette

Appointments are required and should be made 3 to 4 weeks in advance.

You should arrive on time for meetings as this demonstrates respect for theperson you are meeting.

The most senior South Korean generally enters the room first.

It is a good idea to send both an agenda and back-up material includinginformation about your company and client testimonials prior to themeeting.

The main purpose of the first meeting is to get to know each other.

Meetings are used to understand a client's needs and challenges. They lay

the foundation for building the relationship. Do not remove your jacket unless the most senior South Korean does so.

Have all written materials available in both English and Korean.


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BUSINESS ETIQUETTE & CUSTOMS INSOUTH KOREA CONTINUED.

Dress Etiquette

. Business attire is conservative.

. Men should wear dark- colored, conservative business suits with white shirts.

. Women should dress conservatively and wear subdued colors.

. Men should avoid wearing jewelry other than a watch or a wedding ring.

Business Cards

. Business cards are exchanged after the initial introductions in a highly ritualized manner.

. The way you treat someone's business card is indicative of the way you will treat the person.

. Have one side of your business card translated into Korean.

. Using both hands, present your business card with the Korean side facing up so that it is readable bythe recipient.

. Examine any business card you receive carefully.

. Put the business cards in a business card case or a portfolio.

. Never write on someone's business card in their presence.


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TELECOMS COMPARISON (MOBILE)

2001 2002 2003 2004 2005 2006 2007 2008 2009

Korea, Rep. 6,560. 6,087. 5,728. 6,496. 6,376. 6,401. 6,109. 7,072. 7,072.

Philippines 2,667. 2,730. 2,823. 2,992. 3,049. 3,180. 3,319. 3,334. 3,228.

0.00

1,000.00

2,000.00

3,000.004,000.00

5,000.00

6,000.00

7,000.00

8,000.00

Mobile cellular subscriptions (per 100 people)

CountryName

2001 2002 2003 2004 2005 2006 2007 2008 2009

SouthKorea

7% 10% 3% 8% 4% 4% 7% 4% 5%

Philippines 46% 19% 30% 30% 4% 17% 24% 14% 7%


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TELECOMS COMPARISON(TELEPHONE)

2001 2002 2003 2004 2005 2006 2007 2008 2009

Korea, Rep. 6,560. 6,087. 5,728. 6,496. 6,376. 6,401. 6,109. 7,072. 7,072.

ilippi es 2,667. 2,730. 2,823. 2,992. 3,049. 3,180. 3,319. 3,334. 3,228.

0.00

1,000.00

2,000.00

3,000.004,000.00

5,000.00

6,000.00

7,000.00

8,000.00

Telep o e subscriptio s (per 100 people)

CountryName

2001 2002 2003 2004 2005 2006 2007 2008 2009

Sout

Korea-1% -1% -3% -7% 1% -7% 0% -5% -11%

ilippi

es 6% -2% -1% 1% -4% 6% 6% 2% -1%


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AGRICULTURAL COMPARISON

2001 2002 2003 2004 2005 2006 2007 2008 2009

Korea,R

ep. 6,560.40 6,087.20 5,728.70 6,496.60 6,376.10 6,401.40 6,109.30 7,072.80 7,072.80Philippines 2,667.80 2,730.60 2,823.40 2,992.20 3,049.00 3,180.80 3,319.80 3,334.30 3,228.90

0.00

1,000.00

2,000.00

3,000.00

4,000.00

5,000.00

6,000.00

7,000.00

8,000.00

Cereal yield (kg per hectare)

Cereal yield, measured as kilograms per hectare of harvested land, includes

wheat, rice, maize, barley, oats, rye, millet, sorghum, buckwheat, and mixed grains.

Production data on cereals relate to crops harvested for dry grain only. Cereal crops

harvested for hay or harvested green for food, feed, or silage and those used for

grazing are excluded.


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CHEMICAL INDUSTRY STATISTICS

Basic Fractures 2004 2005 2006 2007 2008 2009

Ethylene

Production 5961 6124 6173 6855 7071 7413

Ex ort 308 316 270 721 762 659

Im ort 164 110 183 110 115 160

Pro ylene

Production 4028 4089 4329 4835 5055 5607

Ex ort 231 253 321 538 553 659

Im ort 235 336 274 249 218 245

Butadiene

Production 918 921 844 963 1063 1094

Ex ort 146 126 121 161 191 228

Im ort 78 68 116 139 213 291

Benzene

Production 3531 3712 3818 4235 4132 4175

Ex ort 1082 1209 1247 1194 1258 1270

Im

ort 249 350 443 317 260 227

Toluene

Production 1197 1235 1500 1690 1595 2058

Ex ort 829 747 650 761 615 903

Im ort 573 531 338 271 223 209

Xylene

Production 2164 2243 2452 2720 2477 2984

Ex ort 645 603 945 1403 1007 1385

Im ort 1233 949 1023 1544 1136 107

mgt113 -south korea

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