Global Business Cultural Analysis: South Korea
South Korea 1
Running Head: Global Business Cultural Analysis: South Korea
Global Business Cultural Analysis: South Korea
International Business BUSI 604
Liberty University
South Korea 2
Abstract
Global business cultural analysis of the nation of South Korea is the focus of this research paper and will address how South Korea is placed as a trading partner with the United States, what is South Korea 's economic growth prospective, does China impact South Korea’s economic growth, what are the economic ties between North Korea and South Korea, does tourism play an important role in their economy, what are the major elements and dimensions of culture in this region, how are these …show more content…
South Korea also deals with other challenges in their society of how to provide an equitable education for their people. One of the well-established realistic factors in finances of a Korean family is that large families get small educational funds and display poor achievement in their education. This leads to the concept that small families and little population growth translates to economic gain (Changhui,2011).Private tutoring in South Korea creates a dilemma for the government and school system. “Expansion of public education in developing countries usually results in fiscal problems within the school system, including lower teacher salaries, poor facilities, and a lower quality of education. Many families look to private tutoring to help make up the difference in quality. There is some concern that private tutoring can also result in problems” (Sungwoong, 201058(2), …show more content…
The Economic nationalism (Planned foreign takeovers of 'Korea Inc. ') create political and public obstruction, causing business deals to be lost or threatened by negative reactions from the public. Opportunities for conducting exposed and evenhanded business in South Korea would improve if the bonds of large business dealings would be dissolved. The South Koreans have an opportunity to utilize cheap labor from North Korea. Threats to South Korea come in the form of the Nuclear Power of North Korea and the unpredictable government that runs the country. Also, corruption is a problem from the business conglomerates and can only be controlled if the government gets more involved with the business operations (SWOT Analysis,
Running Head: Global Business Cultural Analysis: South Korea
Global Business Cultural Analysis: South Korea
International Business BUSI 604
Liberty University
South Korea 2
Abstract
Global business cultural analysis of the nation of South Korea is the focus of this research paper and will address how South Korea is placed as a trading partner with the United States, what is South Korea 's economic growth prospective, does China impact South Korea’s economic growth, what are the economic ties between North Korea and South Korea, does tourism play an important role in their economy, what are the major elements and dimensions of culture in this region, how are these …show more content…
South Korea also deals with other challenges in their society of how to provide an equitable education for their people. One of the well-established realistic factors in finances of a Korean family is that large families get small educational funds and display poor achievement in their education. This leads to the concept that small families and little population growth translates to economic gain (Changhui,2011).Private tutoring in South Korea creates a dilemma for the government and school system. “Expansion of public education in developing countries usually results in fiscal problems within the school system, including lower teacher salaries, poor facilities, and a lower quality of education. Many families look to private tutoring to help make up the difference in quality. There is some concern that private tutoring can also result in problems” (Sungwoong, 201058(2), …show more content…
The Economic nationalism (Planned foreign takeovers of 'Korea Inc. ') create political and public obstruction, causing business deals to be lost or threatened by negative reactions from the public. Opportunities for conducting exposed and evenhanded business in South Korea would improve if the bonds of large business dealings would be dissolved. The South Koreans have an opportunity to utilize cheap labor from North Korea. Threats to South Korea come in the form of the Nuclear Power of North Korea and the unpredictable government that runs the country. Also, corruption is a problem from the business conglomerates and can only be controlled if the government gets more involved with the business operations (SWOT Analysis,