8-1 Case Study: Acquiring a Company in South Korea
Case Study: Acquiring a Company in South Korea
When acquiring a company in South Korea, Chapman Auto Parts will need to have a
clear understanding of South Korea’s labor practices. New companies that re new to the Korean
labor market often face challenges unique to Korea. The purpose of this summary is to inform
you about the current labor practices, advantages, and disadvantages for Chapman Auto Parts.
Also address any legal concerns and labor costs when operating in South Korea.
South Korea transitioned into democracy in the late 1980’s. It’s politically organized
labor and employment laws are still developing and are also significantly different than those in
the U.S (Hyun, 2014). The labor market in South Korea is strict and overloaded with government