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OL-325- Total Rewards 8-1 Case Study: Acquiring a Company in South Korea
Chapman Auto Parts is an American based manufacturing company that produces aftermarket auto parts that are distributed and sold in the United States and Asia. Because of the recent increase for demand for parts in the Asian markets, Chapman Auto Parts is eager to expand their business by acquiring a manufacturer in Asia. Janie Lang, the Human Resources Director of Chapman Auto Parts must research South Korea’s labor market in investigate if attempting to expand the organizations operations overseas will benefit them. Chapman Auto parts has found a small manufacturing company that produces similar parts that is located in South Korea and has lower overhead costs than the U.S. based company currently has.South Korea has had one of the world’s most successful economies since the end of World War II. (Lee, Connor, 2020). The employment rate has remained comparatively low but