Doing Business in South Korea
EENI - Business School.
Subject (Course): International Trade and Business in South Korea. Syllabus:
- Introduction to the Republic of Korea.
- South Korean Economy.
- The main sectors of the Korean economy:
- Digital electronics
- International Trade of Korea.
- Foreign Direct Investment (FDI) in South Korea.
- Doing Business in Seoul.
- Case Study: Business Opportunities in the provinces of South Korea.
- Lee Kun-hee - President of Samsung Electronics
- Case Study: Korean Companies
- Valeo Pyeong Hwa
- GM Daewoo.
- Africa-Korea Partnership
- Introduction to the Korean language
- Access to the South Korean Market
- Business Plan for South Korea
Objectives of the subject “Doing Business in the Republic of Korea”:
- To analyse the South Korean economy and foreign trade
- To evaluate business opportunities in South Korea
- To explore South Korea's trade relations with the student's country
- To know South Korea's Free Trade Agreements (FTAs)
- To examine the profile of South Korean businesspeople and companies
- To develop a business plan for the South Korean Market
Sample of the subject - Business in South Korea
Subject Description (Doing Business in South Korea).
The Republic of Korea.
South Korea: the thirteenth biggest economy in the World (by gross domestic product).
- South Korean population: 49 millions of people
- Language: Korean. There are about 75 million people in the World who
speak Korean; Korean is the 13th most spoken language in the World.
- Borders of South Korea: Japan, China, Russia, and North Korea
- Capital: Seoul
- Area: 100,210 square kilometres
- South Korea is a Presidential Republic
- Independence of Japan: 1945
- The currency of South Korean is the Won
- Abolition of slavery in Korea:
Religion in South Korea.
- From the religious point of view, South Korea is more a “Western” than Asian country.
- About 50% of Koreans have no religious preference
- 30% are Christian (18.3% Protestant and 10.9% Catholic)
- 23% are Buddhists (10 million).
- Other minority religions are Islam, Chondogyo (mixture of Buddhism and Christianity), Taoism, and Confucianism
South Korea belongs to the Buddhist Civilisation
The Republic of Korea (Asia) successfully transformed itself from a war-torn
nation to the thirteenth largest economy in the World, backed by its leading industries and international trade. South Korea is the fourth biggest economy
- The Republic of Korea has shown excellence in several sectors: shipbuilding, semiconductors, construction, digital electronics, and cars.
- Builders of South Korea also shine in the international scenario, especially in the construction
market in Asia and the Middle East.
- Fourteen firms of South Korea made the Fortune Magazine's Global 500: Hyundai Heavy
Industries, Samsung, Kookmin Bank LG, Hyundai-Kia Motors, SK, Samsung Life Insurance, Hanwha, POSCO, Korea Electric Power Corporation, KT, SK Networks and S-Oil.
- Joint Ventures between Samsung and SONY and LG and Philips are two excellent examples of productive industrial partnerships in the LCD sector, while the takeover of Daewoo Motors by GM and that of Samsung Motors by Renault stand for success in the automotive industry.
- South Korea produces over 3.8 million
vehicles every year, led by the five car makers of South Korea: Hyundai Motor, GM Daewoo, Renault Samsung Motors, Ssangyong Motor, and Kia Motors.
Korea is the home to seven of the top ten shipbuilders in the World, including
Hyundai Heavy Industries, Samsung Heavy Industries Co., Daewoo Shipbuilding and Marine Engineering Co., STX Shipbuilding and Hanjin Heavy Industries and Construction.
- The Republic of Korea (ROK) has built its position as a powerhouse regarding information
technology (IT), backed by its large IT-related production and international trade, development of the world-leading technology.
- Samsung Electronics is the biggest computer memory chipmaker in the World, and Hynix Semiconductor is
No.1 DRAM and No.3 NAND Flash Memory Producer in the World.
- From air conditioners, microwaves, and computers to liquid crystal display
screens, companies in South Korea have captured customers' hearts worldwide with better prices and advanced technology.
Seoul, the capital of the Republic of Korea, is the economic, financial, and business centre.
- Gross domestic product of Seoul was 193.7 billion dollars.
- If the metropolitan areas of the city are included, Seoul represents 47.7% of Korean GDP
International Trade of Korea.
- South Korea is the eleventh biggest international trader in the World with imports and exports accounting for 90% of the gross domestic product of South Korea.
- The Republic of Korea ranked tenth in the World regarding global export market share based on cumulative export from
January to April.
- South Korea sells to and buys from 220 countries worldwide with the People's Republic of China, Japan, and the United States as its major trade partners.
- The main South Korean export markets: the United States, Canada, Brazil, the United Mexican States, the Association of South-East Asian Nations (ASEAN), Japan, the People's Republic of China, Singapore, India, Australia, the European Union (EU), the United Kingdom, France, Germany, Russia, and
- Port of Busan is the fifth-biggest container port in the World, having handled a throughput of 13,450,000 TEU
(twenty-foot equivalent unit).
South Korea's Free Trade Agreements (FTA).
- Asia-Pacific Economic Cooperation (APEC)
- Asia-Pacific Trade Agreement (APTA)
- Free Trade Agreements with the European Free Trade Association (EFTA), the United States, Singapore, the ASEAN-South Korea Free Trade Area, the European Union, India, Peru, and Chile
- FTAs under negotiation: Canada, Mexico, the Gulf Cooperation Council (GCC), Australia, New Zealand, Colombia, and Turkey.
South Korea is a member of:
- Economic and Social Commission for Asia and the Pacific (ESCAP)
- Pacific Economic Cooperation Council
- Forum for East Asia-Latin America Cooperation (FEALAC)
- Asia-Europe Economic Meeting (ASEM)
- Asia-Middle East Dialogue (AMED)
- Colombo Plan
- Asia Cooperation Dialogue
- Africa-Asia (South Korea) Strategic Partnership (NAASP)
- Boao Forum for Asia
Agreement Peru-South Korea:
The United States-South Korea
Korean language (석사 무 역 및 국제 마케팅)