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Running head: SOUTH KOREA CASE STUDYAcquiring a Company in South Korea nameMar 1, 20191
Running head: SOUTH KOREA CASE STUDYAcquiring a business in South Korea is expected to be the greatest investment one can make, subsequently it goes without saying that the legal and monetary characteristics of purchasing a business are extremely significant. Citizens unfamiliar with the Korean labor market frequently face obstacles exclusive to Korea, therefore employing the right individuals and consulting with local bookkeepers who understand the local market and can guide potential practices they should follow would be a great asset. The Republic of Korea is located between China and Japan. Its geopolitical position has enabled Korea to act as a bridge for cultural exchanges and trade between its neighbors. In this regard, Korea is an optimal location for doingbusiness with China (the largest market in the world), and Japan (the world’s 2ndbiggest economy) (shieldgeo.com) According to the CIA World Factbook, over the past decades the nation has worked towards global integration and seen incredible growth, becoming a high-tech industrialized economy. The 2018 Winter Olympic Games was hosted by South Korea in PyeongChang and was the second Olympic games to be held in that country after Seoul hosted the 1988 Summer Games. (shieldgeo.com) North Korea agreed to partake in some events with South Korea as a unified Korea during the opening ceremony despite tense relations. For some South Koreans thiswas a challenge and for the Armed Forces Soldiers stationed here it was a historic moment.