Doing Business in South Korea

Syllabus of the Subject: Doing Business in South Korea.

1. Introduction to the Republic of Korea
2. South Korean Economy
3. Main sectors of the South Korean economy:
   1. Shipbuilding
   2. Semiconductors
   3. Construction
   4. Digital electronics
   5. Cars
4. International Trade of Korea
5. Foreign Direct Investment (FDI) in South Korea
6. Doing Business in Seoul
7. Case Study: Business Opportunities in the provinces of South Korea
8. Lee Kun-hee - President of Samsung Electronics
9. Case Study: South Korean Companies
   1. Hynix
   2. Daehwa
   3. Samyang
   4. Daedeok
   5. Samik
   6. Valeo Pyeong Hwa
   7. GM Daewoo
10. Africa-Korea Partnership
11. Introduction to the Korean language
12. Access to the South Korean Market
13. Business Plan for South Korea

The objectives of the subject “Foreign Trade and Doing Business in the Republic of Korea” are the following:

1. To analyse the South Korean economy and foreign trade
2. To evaluate the business opportunities in South Korea
3. To explore South Korean trade relations with the country of the student
4. To know South Korean Free Trade Agreements (FTAs)
5. To examine the profile of South Korean business people and companies
6. To develop a business plan for the South Korean Market

Sample of the subject - Doing Business in South Korea

Description of the Subject (Doing Business in South Korea).

The Republic of Korea: The thirteenth largest economy in the World (by gross domestic product).

1. South Korean population: 49 million people
2. Language: Korean. There are about 75 million people in the World who speak Korean; Korean is the 13th most spoken language in the World
3. Borders of South Korea: Japan, China, Russia, and North Korea
4. Capital: Seoul
5. Area: 100,210 square kilometres
6. South Korea is a Presidential Republic
7. Independence of Japan: 1945
8. The currency of South Korean is the Won
9. Abolition of Slavery in Korea: 1894

Religion in South Korea.

1. From the religious point of view, South Korea is more a “Western” than Asian Country
2. About 50% of the Koreans have no religious preference
3. 30% are Christian (18.3% Protestant and 10.9% Catholic)
4. 23% are Buddhists (10 million)
5. Other minority religions are Islam, Chondogyo (mixture of Buddhism and Christianity), Taoism, and Confucianism

South Korea belongs to the Buddhist Civilisation

South Korean Economy.

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 largest economy in Asia.

1. The Republic of Korea has shown excellence in several sectors: shipbuilding, semiconductors, construction, digital electronics, and cars
2. The builders of South Korea also shine in the international scenario, especially in the construction market in Asia and the Middle East
3. 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
4. The 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
5. 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
6. South 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
7. 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
8. Samsung Electronics is the largest computer memory chipmaker in the World, and Hynix Semiconductor is No.1 DRAM and No.3 NAND Flash Memory Producer in the World
9. 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.

1. The gross domestic product of Seoul was 193.7 billion dollars
2. If the metropolitan areas of the city are included, Seoul represents 47.7% of Korean GDP

International Trade of Korea.

1. South Korea is the eleventh largest international trader in the World with imports and exports accounting for 90% of the gross domestic product of South Korea
2. The Republic of Korea ranked tenth in the World regarding global export market share based on cumulative export
3. South Korea sells and buys from 220 countries worldwide with the People's Republic of China, Japan, and the United States as its largest trade partners
4. The main South Korean export markets are the United States, Canada, Brazil, the United Mexican States, the Association of Southeast Asian Nations (ASEAN), Japan, the People's Republic of China, Singapore, India, Australia, European Union (EU), the United Kingdom, France, Germany, Russia, and Saudi Arabia
5. The Port of Busan is the fifth-largest container port in the World, having handled a throughput of 13,450,000 TEU (twenty-foot equivalent unit)

South Korea Free Trade Agreements (FTA).

1. Asia-Pacific Economic Cooperation (APEC)
2. Asia-Pacific Trade Agreement (APTA)
3. Free Trade Agreements with the European Free Trade Association (EFTA), the United States, Singapore, ASEAN-South Korea Free-Trade Area, European Union, India, Peru, and Chile
4. FTAs under negotiation: Canada, Mexico, Gulf Cooperation Council (GCC), Australia, New Zealand, Colombia, and Turkey

South Korea is a member of:

1. Economic and Social Commission for Asia and the Pacific (ESCAP)
2. Asian Development Bank (ADB)
3. Pacific Economic Cooperation Council
4. Forum for East Asia-Latin America Cooperation (FEALAC)
5. Asia-Europe Economic Meeting (ASEM)
6. Asia-Middle East Dialogue (AMED)
7. Colombo Plan
8. Asia Cooperation Dialogue
9. Africa-Asia (South Korea) Strategic Partnership (NAASP)
10. Boao Forum for Asia

❮ Samples - Business in South Korea ❯

Korean language (석사 무 역 및 국제 마케팅)

(c) EENI Business School & HA University