South Korea case study

Résumé du document

South Korea is one of the New Industrial Countries of Asia. It began its development after the end of World War II, earning its independence from Japan. Now, it is a parliamentary republic, favorable for business and international exchanges. 50 years ago, the GDP of South Korea could be compared with the poorest countries of Africa and Asia. Today, its economy can be compared to some European countries, as it is part of APEC1 and is getting closer to the top 10 trading countries. Thanks to its typical cultural inheritance, South Korea has known how to create its own identity and establish a viable society. The purpose of this paper is to analyze the potential risk of doing business in this country. A new Constitution, approved by referendum in 1987, came into effect in 1988. It marks the beginning of the Republic Life. The dictatorial aspect of the Korean mode, governed by the laws on national safety, making it possible for the executive power to restrict the personal freedom, issue the martial law and curfew anytime, has been reduced since 1988. This change is due to the reforms started by President Roh Tae-woo and continued, in particular under popular pressure by its successor Kim Young-Sam, but especially by Kim Dae-Jung, opponent of long date, who became president of the Republic in 1998. The actual president is Lee Myung Bak.

Extraits

[...] In addition, new investors arrive from different backgrounds: AXA (insurances), Veolia Transport, Altran and Eurocopter for the large companies, Publicis Events, L'Occitane, and SPRIM for the structures of more reduced size. Like we said before, a free-exchange agreement is being negotiated with European Union and the tax on society is 27,5% for the highest cases Forms of establishment Liaison Office This is the simplest juridical form which is not taxed in South Korea. It is the best for making surveys before launching a real business. Because this form on implementation doesn't allow to run a business which generates revenues. [...]

[...] The highest judicial body of South Korea is the Supreme Court, which every member IBSL Final Paper 5 is named by the president of the Republic with the approval of the National Assembly. The Supreme Court is the authority of last spring. The courts of district, established in the large cities, consider the civil cases and penal in first authority. A constitutional Court examines the questions of a political nature and the conformity of the acts and the laws with the new Constitution. [...]

[...] The main political parties in South Korea are the Uri (Our Open) Party, the Grand National Party the Democratic Labor Party and the Millennium Democratic Party (MDP). In 2003, a part of the MDP split from the party and formed the liberal Uri Party. The Uri Party gained a slim majority in the National Assembly in the April 2004 legislative elections. The conservative GNP and centrist MDP form the political opposition. The leftwing DLP, which is aligned with labor unions, represents the interests of the working class Government The Constitution stipulates inter alia that basic principles of the nation is participation to cooperation and international peace, strength of the law and responsibility of the government to provide the individuals wellbeing. [...]

[...] Nowadays, English is tought as second language in the majority of the primary schools. Chinese, Japanese, French, German or Spanish are also tought with the college during 2 years Influence of culture on management practice Korean culture is a good example of the "high-context culture" in which non-verbal, spatial, and physical cues, as opposed to overt and precise communication, play a critical role in communication (Hall, 1977). Indirect communication tends to be preferred over overt oral or written statements of the fact of position. [...]

[...] Retrieved December from http://www.missioneco.org/coree/index.asp NationMaster - Korean Government statistics. Retrieved December from http://www.nationmaster.com/country/ks-korea-south/gov-government Corée :Country Web Pages. Retrieved December from http://www.oecd.org/informationbytopic/0,3397,fr_33873108_33873555_1_1_1_1_1, 00.html FDI.net - Countries - Korea, Republic of. Retrieved December from http://www.fdi.net/country/sub_index.cfm?countrynum=108 Corée du Sud - Profil 2008. Retrieved December from http://www.indexmundi.com/fr/coree_du_sud/ @rating country experience. Retrieved December from http://www.tradingsafely.com/sitecwp/cefr.nsf Korea (South). Retrieved December from http://www.ondd.be/webondd/Website.nsf/AllWeb/Korea+(South)?OpenDocument& Disp=1&Language=en World Factbook of Criminal Justice Systems South Korea. Retrieved December from http://www.ojp.usdoj.gov/bjs/pub/ascii/wfbcjsko.txt Kr.pdf. [...]