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South Korean Business Etiquette

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South Korean Business Etiquette
South Korea
Assignment 1

Facts

South Korea is a sovereign state, which locates in the southern portion of the Korean Peninsula. It is also called the Republic of Korea. Its neighbors are China, Japan, North and the East China Sea to the south. South Korea’s territory covers a total area of 99,392 square kilometers and has a population of almost 50 million. The capital and largest city is Seoul. South Korea is a developed country with a very high standard of living and high economic growth rate. It is Asia's fourth largest economy and the world's 12th largest economy. The economy is export-driven, with production focusing on electronics, automobiles, ships, machinery, petrochemicals and robotics.

Society & Culture

South Korea shares it’s traditional culture with North Korea, which is truly conservative and family-oriented. In Korean Confucian tradition, inherited from the ancient China, the father is the head of the family and it is his responsibility to provide food, clothing and shelter, and to protect all the family members. Everyone else in the family should show absolute respect to him and follow his orders unconditionally. Members of the family are tied to each other because they believe that the actions of one family member reflect on the rest of the family.

Like most Asian countries, Korean interpersonal relationships operate on the principle of harmony. It is important to maintain a peaceful, comfortable atmosphere at all times. You shouldn’t show any unpleasant look even if you are angry at or disagree with someone. If you break the “harmonious relationship” with someone, you may cause them to lose dignity, and lose face in front of others. Especially during the business meetings, people should keep smiling and always agree with each other’s opinions by nodding and clapping. This means you have been always supportive to each other and make the society in a harmonious condition. In most

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