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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axes and old pottery in digs in Central Korea . Farming most probably started in the Bronze Age‚ around 3‚500 years ago. Carbonized rice grains and farming tools dating from this period of history have been found at many archeological digs. Geography Geographically‚ the Korean Peninsula points southward from the northeastern corner of the Asian continent and is surrounded on three sides by large expanses of water. Although Japan is not far from Korea ‚ the peninsula has been affected far more
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CASE STUDY HYUNDAI: LEADING THE WAY IN THE GLOBAL AUTO INDUSTRY DARI KASUS HYUNDAI‚ JAWABLAH PERTANYAAN DIBAWAH INI: 1. What are the roles of comparative and competitive advantages in Hyundai’s success? Illustrate your answers by providing specific examples of natural and acquired advantages that Hyundai employs to succeed in the global car industry. 2. In terms of Factor Proportions Theory‚ what abundant factors does Hyundai leverage in its worldwide operations? Provide examples and
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Work: The Ministry of Labor in Korea has implemented a system in which all workers who do not miss a day of work in one week receive one paid holiday. Employees who do not miss a day of work in a full year are entitled to a 15-day paid vacation. Those who do miss days of work should expect a reduction in paid leave time. After the first year of work with a company‚ every two subsequent years translates into another paid holiday. Koreans use both the Solar and Lunar calendar which results in a
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AMERICAN FAST FOOD IN KOREA 1. Compared to other East Asian countries‚ is Korea an ideal market? Korea is the only country in Asia where capital expenditure has revived in 2002. In the whole Asia fast-food chains were not hurt by the Asian economic crisis at the end of the 90’s. However in Korea‚ revenues of fast-food franchises fell by 25 per cent during the Asian financial crisis in 1997 and while the economy was under the influence of the shock. After some structural reforms in
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The United States has had a troubled history with North Korea stemming from the beginning of the cold-war and continuing into the current age where tensions still exist. They are the self-claimed longest and most threatening adversaries to the United States. In response to this North Korea has been subjected to relentless amounts of sanctions and international pressure. The sanctions exist because of the resolution of the war and the attempt of the United States to limit the spread of communism.
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North Korea and South Korea are similar but yet different in many ways‚ such as in economies. North Korea’s economy seems to need support from other countries to survive. South Korea’s seem too able to rebuild their economy even stronger than it was before from the Korean War. North Korea is under a strict communist dictatorship. N. Korea’s leader is Kim Jong II. He came to power in 1994 after his father died. North Korea has a large military and command economy. The average Korean person lives
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At the end of World War II‚ Korea was a poor former agricultural colony of Japan. But the rapid growth of Korea’s industrial economy has been remarkable. The economy of South Korea is now the third-largest in Asia and the 13th largest in the world by GDP as of 2007. To trace back the economic development of South Korea‚ the former president Park Chung-Hee played a pivotal role‚ and was credited for shifting its focus to export-oriented favoring a few large conglomerates. Unlike his predecessors
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Source: The Korea Press‚ 2007 (Korea Press Foundation) Newspapers Broadcasting Cable TV (Community Antenna TV) DMB‚ IPTV Smart Devices Usage time of traditional media decreasing Usage time of Internet media increasing Satisfaction of newer media increasing DMB‚ IPTV‚ WiBro Introduction of smart mobile devices Source: The Korea Press‚ 2011 (Korea Press Foundation) Source: The Korea Press‚ 2007 (Korea Press Foundation) Source: The Korea Press‚ 2011
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The comic‚ “Korea Unmasked” is sort of a helpful and animated way to understand the Chinese‚ Japanese‚ and Korean culture; the comic first introduces the three main nations and the value that each of these nations hold most dear or what value they had strived to keep and to uphold for the entirety of their nations existence. The Chinese hold the idea of “one” to be their most important value; this nation holds unity amongst other things to be the highest value. The Japanese believe that
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