Doing Business With Korean Companies

This list displays all 16 korean companies in the fortune global 500 which ranks the world s largest companies by annual revenue the figures below are given in millions of us dollars and are for the fiscal year 2018.

Doing business with korean companies. When receiving a card take it formally in two hands and don t slip it into a back pocket. A strong relationship with your korean business partner or client needs nurturing and maintenance in order to be sustained. Korean businesses even small ones often deal with dozens of different individuals.

Read it carefully register the title and don t write on it. A business manager is often viewed as a senior family member by their employees. Respect for hierarchy authority and seniority are at the core of every south korean business.

So it helps to keep yourself fresh in their minds. The line between professional and personal lives is blurred. Ask them for their kakaotalk id maybe even go for dinner after work or to a museum on weekends.

Women wear conservative skirts and white blouse. So don t dress to show how good you look in bright colors dress to impress the people you will be making business with. When you leave your company those friendships will often remain.

Although south korean attitudes to women in business are changing slowly it is still very rare for women to hold senior positions in south korea. Consequently the opportunity to work with a foreign company with more enlightened attitudes towards equality tends to be welcomed by many professional women in the country. Tom works with us as a business adviser and also in these golden years he is also pursuing his passion photography.

Indeed regulatory efficiency market openness and the south korean government s willingness to embrace foreign investment make doing business in south korea a wise choice. The south korean government has imposed heavy restrictions on doing business with north korea under the national security act. Korean companies are often like families and the more you do to be part of it the better.