By Chong Ju Choi, Nigel Wright
The Korean "economic miracle" has develop into a hugely pointed out and mentioned subject between businessmen, lecturers and executive officers. Korea has built from one of many world's poorest international locations within the Nineteen Fifties, to inside of forty years, turning into the world's fifteenth biggest financial system and the tenth greatest buying and selling state. the aim of this article is to supply overseas executives with an perception into the way in which Koreans behavior enterprise and in addition introduce them to some of the elements that make certain the Korean enterprise setting. a data of the customs, background and enterprise etiquette of Korea is given, and there's recommendation on the entire key elements underlying a possible deal, three way partnership or partnership.
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Additional info for How to Achieve Business Success in Korea: Where Confucius Wears a Three-Piece Suit
Taoist principles also embody contentment, longevity and patience. Buddhism, which carne to Korea from China during the Three Kingdoms period, also encouraged patience by its philosophical view that salvation in afterlife can be attained by personal effort and conduct throughout life on earth - a slow and evolving process to achieve the essen- Nature of the Korean People 41 tial nature of Oneness in ourselves. Confucianism, despite being an outwardly rigid system to improve human conduct and structure all human relationships, actually developed into a much more pragmatic philosophy over time.
Confucian rules actually resulted in laws which emphasised the inferiority of the fairer sex! They were prohibited from marrying more than once and could be expelled from the household if they failed to produce a son. Women's identity was restricted largely to being a supplement to the male of the species until 1948 when the Republic of Korea was established. Then the principle of equality of the sexes was actually written into the Constitution. The discrimination against women was taken to extraordinary limits.
In some cases, the husband is then given his allowance for drinking and entertainment. The wife will not only pay the household bills and ensure the children are fed and clothed, she will also handle financial investments for the future. She may join a group of women who club together to invest in property and the stock market in Seoul. In fact it is estimated that a surprisingly large portion of funds invested in Korean stocks and shares come from this source. Formidable power indeed! KOREAN FOOD No chapter on the Korean people would be complete with at least a mention of the local cuisine.
How to Achieve Business Success in Korea: Where Confucius Wears a Three-Piece Suit by Chong Ju Choi, Nigel Wright