Doing Business in Korea Essay Example

Doing Business in Korea Essay Example Doing Business in Korea Essay Doing Business in Korea Essay Political and legal impacts on doing business in Korea Korea Is known as a country that showed miraculous economic growth, and considered one of the four tiger economies of Asia. Since the sass, South Korea has built a modern, internationally oriented industrial economy largely from scratch. This economy, the fourth-largest economies (after China, Japan and India) in Asia (World Bank 2014) is based on low -cost, high quality export production. Between the late 1980 and sass, the country has seen a massive Influx of FED projects to the South Korea, and recorded an Increase quadruple the foreign investment projects during the previous 35 years (Kim Lee 2007). This outcomes Is generally attributed to the countrys transition to a more open and democratic political system after years of authoritarian rule, with a pro-business government. However, these changes have also posed a number of latent tremendous challenges to the international business operating in South Korea, which include overpopulation, rising labor cost, and corruption 1 . Overpopulation: The overabundance of regulations and bureaucracy has been considered the mall seasons that Investors are packing up or moving to other Southeast Aslant countries or staying away from South Korea. A survey of Kim and Lee (2007) reveals that there is an inaccurate interpretation and improper implementation of investment regulations among the various government agencies at all levels. The poor governance at the local governments, as a result of the intense decentralization policies In the late sass, has created unnecessary bureaucracy and lack of consistency In laws and regulations enforcement at different cycles/provinces across the countries. 2. Rising labor cost and labor union: Since martial law ended and trade union activity became legal in 1987, workers compensation has double on average and the cost of benefits has risen dramatically. Korean factory wages are now the third highest in Asia, after Japan and Taiwan. For example, in 1992 the government attempted to limit wage hikes to 5. Percent, but most firms and trade unions settled on wage Increase of around 15. 5 per cent. Unions are powerful within South Koreans labor markets. This can prove a massive hurdle to Western organizations, which may have little experience of this kind of report intervention. Most workplace negotiations will involve unions and will include discussions about compensation levels. Not only does this restrict a foreign organization that needs to pay above the market rate to attract talent, but it also means human capital issues take longer to resolve. Labor militancy- A typical characteristic of labor force In Korea has resulted In many strikes In Korea. This Is another type of social unrest, which may lead to abrupt changes In the firms business policies. This could be seen through the strike which lasted for more than a onto in 2011 by workers at the Korean Standard Chartered Bank, as workers demand the company drop plans to introduce a performance-based pay system. Corruption: Transparency International, a corruption watchdog, gave South Korea a rating of 5. 4 clean. That ranks South Korea alongside countries and territories such as Botswana, Puerco Rice and Poland but far below many of the developed nations it has sought to emulate. The problem is embedded in the countrys bureaucracy and its Confucian- based culture that emphasizes family connections, regional ties and friendships roger in school. It also can be traced to decades of close links between past authoritarian governments headed by former army generals and the big business conglomerates such as Samsung, Haunted and the now-defunct Deadwood that drove the countrys industrialization. High probability of political risks Political risk has been defined as the likelihood that political forces will cause drastic changes in a countrys business environment that adversely affect the profit and other goals of a business enterprise. The major issue doesnt lie much in Korean government but with the North. The two Koreans are still officially at war and the situation remains fraught. In early October 2007, a historic Korean summit was held in Pyongyang, North Korea. During this summit, both countries agreed that a solution to the historic rivalry over border issues needs to be found and as such both sides have signed a peace declaration aimed at replacing the armistice with a permanent peace treaty. In addition, the summit also resulted in an agreement between North and South Korea to establish a Joint economic area in the border port city of Hajj in 2008. The proposal included Joint fishing areas along the sea border and a Joint shipyard at Hajj. This is seen as a necessary first step towards thawing relations between South and North Korea. However, the situation doesnt much improving.

Marketing research report Essay Example | Topics and Well Written Essays - 5000 words

Marketing research report - Essay Example Figures are provided by various web sites, one of these is a reliable source from Mintel which conducts scientific and period reportage, with the aim of analyzing various industries and businesses affecting the UK and other countries. Not only this, the different incidents of global terrorism are briefly examined so that there can be an analysis on its impact on hotel and tourism industry. According to the EU, a hotel is defined as "a collective accommodation establishment, typified as being arranged in rooms exceeding a nationally specified minimum and as providing common services, including room service." The UK definition is made according to the holding of a licence to sell liquor. (Mintel website) Mintel defines tourism "as any travel which involves an overnight stay away from home." Tourism 'trips' divide between holidays (short breaks of 1-3 nights or long holidays), business travel, VFR (visits to friends and relatives (VFR) and miscellaneous travel purposes (eg shopping or religious trips), all of which may involve staying in a hotel. (Mintel website) When terrorists hijacked four U.S. ... The perpetrators - and indeed the entire world - may have thought that it was the end of America as an economic and military superpower. America under attack, America on its knees, Bin Laden, the anthrax threats and other security concerns, what would be the future of America and the world and the global economy Terrorism is a menace to society. It involves violence causing destruction and deaths for vague and questionable "religious causes" - love and service to God - never before heard in the annals of man as a religious being. The September 11 attack impacted on the lives of the American people and the economy, by creating fear and depreciating billions of dollars worth of man-made infrastructure, buildings and capital. Terrorism has spread all over, and where there is terrorism, profound effects impact on tourism, a direct victim along with the economy. From as far as the Philippines, to the small island of Bali in Indonesia, to the subways of London, to Spain, Egypt, Brazil, Nepal, and the skyscrapers of New York, terrorism wreaked havoc. There were instant reactions from countries and governments. Securities in airports and terminals were strict. People restricted their travel. Terrorism served its purpose - fear in everyone's heart. In the wake of the tragedy in New York, travel and tourism industry was reeling. Airline travel and hotel stays have plummeted worldwide. Industry revenues, profits, and stock values are all down. Industry workers are being laid off in large numbers. (World Economic News, 2000) The World Tourism Organization issued the "Report of the Secretary-General: Terrorist Attacks in the United States of America", and acknowledged that the "unprecedented and brutal act of terrorism is

Explain the principal mistakes of Hitler during World War Two. How Essay

Explain the principal mistakes of Hitler during World War Two. How could Nazi Germany have won the war (c. 1000 words) - Essay Example But what he gave the German people was more death, more destruction. His multiple mistakes in starting and prosecution the Second World War led to a new and this time total defeat for Germany. This essay will examine a number of those mistakes and show just where Hitler went wrong. Hitler made numerous mistakes during his period of leadership, but among the most blatant and serious was attacking the Soviet Union in 1941. Since the remilitarization of the Rhineland in 1936, Hitler had been on a role. He had successfully annexed Austria and Czechoslovakia, and he had managed what seemed impossible the invasion of Poland and France. His western front was threatened only by Britain which was back on his heels. Therefore his major concern was with the Eastern front. There he had secured peace with Stalin in the Ribbentrop-Molotov compact which had divided Poland. Stalin didnt care what Hitler did to Europe; as far as he was concerned, Hitler could take the whole continent so long as there was peace between the two men. It was therefore a serious error for Hitler to declare war on the Soviet Union. To be fair, he thought that Stalins purges of the army has massively weakened the Soviet Unions defences. Nevertheless, the lesson had been well learnt by Napoleon 150 ye ars earlier, that Russia was never an easy place to invade and that the brutal winters made it very hard to hold ground there. Hitler thought his invasion of the Soviet Union could be complete within a few months, but he overestimated the speed and equipment at the disposal of the Wehrmacht. At Stalingrad, the Soviet army delayed the Germans long enough to effectively freeze them out and encircle the Sixth Army—a devastating blow. Hitler refused to listen to many of his best generals—a crucial error. This is a good illustration of one of Hitlers most significant errors: he never knew when to stop and consolidate his victories. He became

Letters to Editor Essay Example | Topics and Well Written Essays - 250 words

Letters to Editor - Essay Example ly opposing the message relayed in the original publications, these letters appear as an avenue for readers to express their opinions that contradict the information relayed by editors. The main purpose of these letters is to give responses to previous publications on sports-related issues on the newspaper. These letters are directed to the editor who relates to the publications attracting reactions through the given letters. To make reference to the publications, the writers of the letters give the titles of the publications and the dates they appeared on the newspaper, similar to referencing in academic writing. Thus, the writer needs not to give the message relayed in the publication but gives personal reaction outright. This style differs from general writing where an introduction, perhaps giving a summary of the message in the original publication and the objective of the current task, would be given to put the task into context. This difference could make readers of the â€Å"Letters to the Editor† not to have the requisite background information. As such, it could cause a failure in understanding the objective of the letter. However, it is clear that the letters critique, with a majority seemingly criticizing, the message relayed in past

Sports in Tibet :: Buddhism Recreation Culture Papers

Sports in Tibet When one hears mention of Tibet certain things initially come to mind, most commonly images of an isolated, peaceful, extremely religious society. One of the last things one would imagine from such a seemingly docile people would be a history deeply entwined with athletic showmanship, yet this actually is the case. Unfortunately most historians overlook this pivotal piece of information when studying the Tibetans’ rich culture and consequently the casual scholar rarely sees this side of the Tibetan people. One of the factors that may have influenced this attitude towards Tibetan sports is that the Dalai Lama has in fact previously banned certain sports citing various religious reasons. This may lead people to believe that the Dalai Lama and Tibetan Buddhism, in principal, are against all sport, although in reality many of the Dalai Lamas have been quite the opposite. The banning of certain sports was mainly due to the fear of outside influence corrupting Tibet as o pposed to actual problems with the sports themselves. Tibetans have a strong historical bond with sport and use religion as an excuse to expel foreign authority. Sports have played an integral role in defining the culture of Tibet. They are commonplace at the various religious festivals throughout the year. Oftentimes entire religious festivals are based around traditional athletic sporting events. Sir Charles Bell, an English diplomat who was an intimate of the thirteenth Dalai Lama, witnessed one of these annual festivals noting that, During the concluding days of the ‘Great Prayer’ there were sports of various kinds, gun-firing and arrow-shooting on galloping ponies, a pony race without riders, a foot-race over a 6-mile course, wrestling, and the carrying of a heavy weight. These sports are presided over by two masters of ceremonies, who are chosen from the youngest officials just beginning their career. They are attended by a large staff, including six Maids of Honour chosen from the ladies of Lhasa.[1] Heinrich Harrer, another westerner who found himself immersed in Tibetan culture, witnessed a similar annual festival, this one taking place during the Tibetan New Year.[2] Both of these festivals show the deep connection between religious activities and athletic events. The sporting events not only take place during religiously significant festivals but they are presided over by monks and other religious figures. Sports in Tibet :: Buddhism Recreation Culture Papers Sports in Tibet When one hears mention of Tibet certain things initially come to mind, most commonly images of an isolated, peaceful, extremely religious society. One of the last things one would imagine from such a seemingly docile people would be a history deeply entwined with athletic showmanship, yet this actually is the case. Unfortunately most historians overlook this pivotal piece of information when studying the Tibetans’ rich culture and consequently the casual scholar rarely sees this side of the Tibetan people. One of the factors that may have influenced this attitude towards Tibetan sports is that the Dalai Lama has in fact previously banned certain sports citing various religious reasons. This may lead people to believe that the Dalai Lama and Tibetan Buddhism, in principal, are against all sport, although in reality many of the Dalai Lamas have been quite the opposite. The banning of certain sports was mainly due to the fear of outside influence corrupting Tibet as o pposed to actual problems with the sports themselves. Tibetans have a strong historical bond with sport and use religion as an excuse to expel foreign authority. Sports have played an integral role in defining the culture of Tibet. They are commonplace at the various religious festivals throughout the year. Oftentimes entire religious festivals are based around traditional athletic sporting events. Sir Charles Bell, an English diplomat who was an intimate of the thirteenth Dalai Lama, witnessed one of these annual festivals noting that, During the concluding days of the ‘Great Prayer’ there were sports of various kinds, gun-firing and arrow-shooting on galloping ponies, a pony race without riders, a foot-race over a 6-mile course, wrestling, and the carrying of a heavy weight. These sports are presided over by two masters of ceremonies, who are chosen from the youngest officials just beginning their career. They are attended by a large staff, including six Maids of Honour chosen from the ladies of Lhasa.[1] Heinrich Harrer, another westerner who found himself immersed in Tibetan culture, witnessed a similar annual festival, this one taking place during the Tibetan New Year.[2] Both of these festivals show the deep connection between religious activities and athletic events. The sporting events not only take place during religiously significant festivals but they are presided over by monks and other religious figures.

Effects of Samsung

Describe the development of the company over time (including its origin) and provide information on range of products and activities† From its inception as a small export business in Taegu, Korea, Samsung has grown to become one of the world's leading electronics companies, specializing in digital appliances and media, semiconductors, memory, and system integration. Today Samsung's innovative and top quality products and processes are world recognized. 1938-1957 Samsung’s beginning: In 1938 the Samsung's founder Byung-Chull Lee set up a trade export company in Korea, selling fish, vegetables, and fruit to China. Within a decade Samusng had flour mills and confectionary machines and became a co-operation in 1951. 1958-1979 Diversifying in Industries and Electronics: From 1958 onwards, Samsung began to expand into other industries such as financial, media, chemicals and ship building throughout the 1970's. Soon after, Samsung created its own electronic appliances. 1980-1989 Entering the global marketplace During the late 1970s and early 1980s, Samsung diversified and expanded globally. The company started building bigger manufacturing plants for its appliances and electronics from 1982 to1987 in New York, England and Portugal. 990-1999 Becoming a Global Force In the mid-1990s, 17 different products climbed into the ranks of the top-five products for global market share in their respective areas. Despite the 1997 financial crisis that affected nearly all Korean businesses, Samsung was one of few companies that continued growing. 2000-Present Pioneering the Digital Age Now, Samsung is perfectly positioned as one of the world's recognized leaders in the digital technology industry, and they has won the No. 1 global market share for 13 of their products, including semiconductors, and CDMA mobile phones. Samsung Electronics Samsung Electronics was created in 1969, products include televisions and many other kinds of home appliances, telecommunications equipment, and computers. Its most important product is semiconductors. Semiconductors Lee had determined in the mid-1970s that high-tech electronics was the growth industry of the future, he formed Samsung Semiconductor and Telecommunications Co. in 1978. Utilizing its newly acquired knowledge, Samsung became the first Korean manufacturer of low-cost, relatively low-tech, 64-kilobit dynamic random access memory (DRAM) chips. Telecommunications Samsung first time offering was a car Phone in 1986, but it have poor reception and low sales. In 1993, a turning point came in company when it released the SH-700 series. Mobile of this Series have sleeker design and better sound quality, with a better product, Samsung reclaim more than half the mobile phone market share in Korea. Samsung cell phones found its way into American hands for the first time in 1996. A few years later, South America and Japan were enjoying the high-end design of Samsung Mobile phones. In early 2009, Samsung Mobile's global market share stood at more than 17 percent, second only to Nokia.

Gibson Girl versus Flapper Girl Essay - 562 Words

Gibson Girl versus Flapper Girl During the roaring twenty’s a new type of women arose, a women who rebelled against society’s standards for women, the Flapper Girl. The new Flapper Girl shocked society by setting a new type of women beauty that expressed their independence just like men. Meanwhile the Gibson Girl was the ideal figurehead for female beauty, they were often shown as fragile and vulnerable. Flapper Girls astonished the world by pushing the limits of the average Gibson Girl setting new limits that were never foreseen before for women. Before the Flapper Girl there was a more traditional women, the Gibson Girl who were seen as fragile ladies who relied on men to care for them. They often used corsets to obtain a hourglass†¦show more content†¦Many women enjoyed working, some of them continued to work after the war to pay for new labor saving devices such as the washing machine and vacuum. These women were also out of the house more and took leisure in dancing, smoking, drinking and other activates that use to be restricted to men only. Flapper Girls changed how society viewed women, they were now seen as more independent women who were not reliant on others, they even demanded the same rights as men such as the right to vote. The roaring twenty’s completely changed how society viewed women, they were now independent and had many of the same rights men had. Gibson Girls were now a thing of the past; the new Flapper Girls took the country by storm allowing women to be more self-reliant. Women no longer stayed at home all day, they could now decide for themselves and what they wanted to do with their lives. This allowed many women to get jobs and earn a living for themselves. No longer did women have to live up to the standards of men, being a Flapper Girl allowed women to be treated equally. Women could now vote and obtain jobs that were once only available to men. In conclusion the roaring twenty’s opened new oppo rtunities for women that they had never had before. The Flapper Girl era allowed women to be more independent. Women could now vote, get the same jobs as men, wear clothing thatShow MoreRelatedThe Fight For Womens Rights Essay2312 Words   |  10 Pagesmore problems than it would solve. This is especially true when one notes the liberties a woman had in the 1950s in comparison with the 1920s. One would think that the 1950s housewife had more freedom; however, the rebellious spirit of the 1920s flapper allowed them to be more active people. It goes to show that the longevity of the impacts of the feminist movements throughout history are based on not only on education of the subject but also the location in which they occurred. This cycle of