Doing Business With South Korea

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Doing Business With South Korea

• by Sheryll

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South Korea

• Formal name Republic of Korea
• Capital city Seoul
• Location Eastern Asia
• Government type Republic
• National language Korean
• National holiday August 15,
  Liberation Day
• Population 48,846,823 (in June 2006)

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Korean Business Culture

• Beliefs
• Business system intensely personal
• Need to determine your rank to relate to you
• Group harmony and peace
• Collective responsibility for decisions
• Communication Style
• Indirect and ambiguous
• Nod indicates listening
• Dislike saying no

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Korean Business Etiquette

• Customs
• Greet with a slight bow sometimes accompanied
• with a handshake
• Do business with whom they have personal
  connection
• Address people by their title
• Appreciate a show of interest
• in matters important to them

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Korean Business Etiquette

• Business Card Dos

front
back

• Always have a business card ready
• (preferably bilingual)
• Exchange of business cards a means of
• learning peoples name, position, and status
• Use both hands to present and receive a card
• Read and comment on it before putting away

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Korean Business Etiquette

• Meetings
• Book meetings well in advance
• Most convenient time
• 10 a.m. to 12 p.m. and 2 to 4 p.m.
• Punctuality is important
• Most senior member enters the room and be
  introduced first
• Agreement reached once trust is established

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Seoul CitySouth Korea

• Thank you. Hope you learned something!