Business Culture In Korea

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RE: Business culture in Korea DATE: Oct 4th, 2011 Korea, which is located in East Asia between two powerful countries China and Japan, has developed a unique business culture reflecting its various national backgrounds. Though it is certainly not easy to describe a country in simple words regardless of its size of land or population, the current Korea can generally be represented with adjectives such as dynamic, energetic and sparkling. Those characteristics, with traditional values that have dominated Korean society for a long time, can be detected in various aspects of business culture as well. What should be considered first in this discussion is that until late 19th century Korea was a strictly closed society which had not experienced the blooming modern business of western culture. Even after its barrier was opened by force, it did not have enough chance to nurture a healthy economy due to 40 years of brutal dominance by Japan, which was followed by Korean war in 1950. It means Korea has achieved its modernization at such a rapid pace that sometimes tactics that were not always stable and ideal were deployed as well. In terms of staffing, Korean business organizations in most cases have wide pools of human resources to choose from. Highly educated university graduates are everywhere looking for a job, creating big surplus of labor in the market. Thus finding employees itself cannot be too much of a problem. Traditionally a major business sector in Korea has been manufacturing industries where people worked at very poor condition, sacrificing themselves for success of nation and the industries. Now growing service sector and automization of manufacturing industries are providing new chance for workers and staffing for talented young workers are being more important. The problem to be mentioned in Korean business culture is that these young people generally

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