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Unformatted text preview: South Korea Sociocultural Report South International Business INB/205 May 22, 2009 South Korea South
Local Customs. Culture and Ideological beliefs. Business Habits. Corruption Perception Index Corruption (CPI) and Stability. (CPI) Most significant differences that Most may affect business interaction. may South Korean Local Customs South
Greetings follow strict rules of Greetings protocol. protocol. Gifts express a great deal. Guest should meet and travel Guest together. together. Wait to be told where to sit. Send a thank you note . South Korea Culture and Ideological beliefs beliefs
Culture The family is the most important part of Korean life. The teachings of Confucius describe the position of the individual in The Korean society. Korean Ancestors are based on the male family line. Ideological Beliefs The concept of Kibun. South Korean Business habits South
Have personal connection. Appointments are required. Business attire is conservative. Business cards are exchanged. South Korea Corruption Perception Index (CPI) and Stability Index
South Korea CPI is 5.1. South Korea confidence rank in 2007 was 45 of 193. South Korea has decrease independence from United States. Gross National Income grew from 1999 to 2003. Government revenue in 2003 was $135.5 billion. Most significant differences that may affect business interactions affect
Time in order to achieve goals. Knowledge of language. Written materials available in Written both language. both Knowledge of cultural Knowledge differences. differences. References References
Kwintessential. (n.d.). South Korea – language, culture, customs and etiquette. Retrieved May 22, 2009, from http://www.kwintessential.co.uk/ resources/global-etipuette/south-korea-country-profile.html Library of Congress – Federal Research Division. (2005, May). Country Profile: Library South Korea. Retrieved May 22, 2009, from http://lcweb2.loc.gov/ South frd/cs/profiles/South_Korea.pdf Information Please Database. (2007). The 2007 Transparency International Corruption Perceptions Index. Retrieved May 22, 2009, from http://www.infoplease.com/world/statistics/ from 2007-transparency-international-corruption- perceptions.html ...
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- Summer '09