International strategic management | South Korea‚ financial crisis | Melissa MactavieJodie MackayTeboho LentoSifiso MashishiKarushka naidoo | South Korea’s current account balance started to deteriorate in 1990‚ due to the rising inflation‚ appreciation of the Korean won and the recession of the world economy. In 1991 the current account recorded a deficit of $8.7 billion‚ which was more than four times the level of the preceding year. The Korean government encouraged capital inflows in order
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OF ALCOHOL IN SOUTH KOREA PER YR SHARE OF SOJU IN THE SPIRITS MARKET IN SOUTH KOREA PRICE OF A BOTTLE OF SOJU RICE ALCOHOL Source: Quartz|Ritchie King ‘Sul’ def: general purpose Korean word for alcohol. Signifies a culture‚ sharing between friends Essential Social Activity in South Korea Belief: Alcohol brings people closer together Long tradition of consuming alcohol to celebrate holidays in which they honour ancestors. Some of the holidays included Lunar New Year and South Korea’s Day of
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Mukbang: Let’s Eat! In increasingly virtual South Korea‚ the latest bizarre fad is watching someone eat online. The fad called‚ “mukbang‚” roughly translates to “eating broadcasts‚” where online channels live-stream people eating enormous servings of food while chatting away to those who are watching. Korean viewers are so enthralled to be watching strangers binge eating that the live-streamers consuming calories in front of webcams are becoming minor celebrities in Korean society. Rachel Ahn
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“MICHIGAN CELLARS” MODE OF ENTRY in SOUTH KOREA SLIDE 1: Motivations for Michigan Cellars to Go Abroad: * Proactive Motivation Factors: * Obtaining additional profits * Capitalizing on technological advantage‚ * Strengthening core competencies‚ * Achieving tax benefits‚ * Achieving economies of scale * Reactive Motivations * Local competition is increasing‚ * Experiencing excess capacity of wine production‚ * Saturated local
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South Korean-Business Etiquette and Cultural Aspects “Welcome to South Korea”. This will more than likely be the greeting one hears when arriving in South Korea on a business trip. Knowing as much about the country and its people will be extremely important to your visit. It’s also important to know as much about the language‚ their customs and culture as humanly possible‚ but for this paper we will focus on business practices and etiquette. Some of the business topics we need to discuss are where
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communism. This is what North and South Korea are going through right now. The North wants to reunite with the South because they are in an economic hole. Because of North Korea’s historic ties to China and South Korea’s ties to the United States‚ this very local conflict between two small nations has potential global
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Intercultural Business Communication 2011 Abstract This report has reviewed the culture of Korea by using Hofstede‟s five dimensions of national culture (1997). Culture is defined and critique of the five dimensions is discussed‚ followed by the analysis of Korea culture that shows significant contrasting cultural values with Western countries. Moreover‚ stereotypes of Korea seem related to the power distance and collectivism culture‚ deriving the strong bond in nationalism and respect to
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Interesting facts about South Korea. Interested to learn some fun facts about South Korea? 1.The number “4″ is considered extremely unlucky‚ to the point where most buildings in Korea do not have a 4th floor. This is actually true in many parts of Asia because the number four is a homonym with the word death in Chinese. For this reason‚ many countries in Asia consider the number to be extremely unlucky. So much so that many hotels skip the fourth floor. 2. In Seoul‚ Taxi’s are color coded.
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United States and South Korea are vast. South Korean culture according to Javidan‚ Dorfman‚ Sully de Luque and House (2006) is similar to Chinese culture in that it is rich in tradition and heavily influenced by Confucian values. The values of Confucianism funnel down to everything from family life to corporate life. Javidan et al. (2006) details that Confucianism “emphasizes the importance of relationships and community” (p. 83). Park‚ Rehg‚ and Lee (2005) mention that in South Korean culture
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KIA in South Korea‚ A Porter’s Diamond Perspective Timothy J. Rausch Mount Vernon Nazarene University MSM002MV MAN6093 Global Business October 11‚ 2008 Introduction KIA‚ which means “arise from Asia” in Korean‚ started out making bicycles prior to World War II (Kia Motors Corporation‚ 2008). The company developed the manufacturing of steel bicycle tubing into a multi-national corporation producing cars and trucks. Prior to merging with Hyundai in 1998‚ Kia was the second largest producer
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