Study of business etiquette

1. Presented by
Andromeda
MGT211

2. Fig: Map of south Korea

3.  South Korea covers an area of 100,210 sq km
(38,677 sq. miles), on the southern half of the
Korean Peninsula
 Seventy percent of the country is mountainous;
arable lowlands are concentrated along the west
coast.
 South Korea's only land border is with North
Korea, along the Demilitarized Zone (DMZ). It
has sea borders with China and Japan.
 South Korea has a humid continental climate,
with four seasons. Winters are cold and snowy,
while summers are hot and humid with frequent
typhoons.

4.  Language: The Korean language is the
official language of South Korea, spoken by
99% of the population
 Religion: As of 2005, 46.5% of South Koreans
had no religious preference. The largest
religion was Buddhism, with 22.8%, followed
by all Protestant Christian denominations, at
18.3%, and Catholics, at 10.9%.
 Economy of South Korea: South Korea is one
of Asia's Tiger Economies, ranked fourteenth
in the world according to GDP. Based largely
on exports
Important South Korean manufacturers include
Samsung, Hyundai and LG.

5.  The economy of South Korea is the 4th largest
economy in Asia.
 The 11th largest in the world.
 South Korea became a developed, high-economy
country in just one generation.
 This economic miracle, commonly known as the
Miracle on the Han river.
 In 1996, joined OECD (Organization for
Economic Cooperation and Development)

6.  1. Export Import:
 In 2014, South Korea was the 10th largest importer
and 7th largest Exporter in the world.
 Electronics, Textile, Ships, Automobile and Steel is
some of it’s most important exports.

8.  2.Shipbuilding
 South Korea became a leading producer of ships
 The country’s major shipbuilder was Hyundai,
Samsung, Daewoo, STX, the world's 4 largest ship
building companies
 3.Electronics
 The World’s sixth largest manufacturer of electronics
goods.
 Major manufacturer of semiconductors, with
Samsung electronics and Hynix Semiconductor

9.  4. Automobiles
 World’s largest automobile producer, coming in 5th
after USA and Germany
 4.27 million automobile produced a year
 International automobile brands include Hyundai,
Kia, and Renault.

10.  Forbes Lists#33 Best Countries for
Business
 GDP $1,410 BAs of December 2015
 GDP Growth: 3.3%
 GDP per Capita: $35,400
 Trade Balance/GDP: 6.3%
 Population: 49.1M
 Public Debt/GDP: 35%
 Unemployment: 3.5%
 Inflation: 1.3%

12.  The Concept of Kibun
 Gift giving etiquette
 Etiquette of Relationships & Communication
 Business meeting etiquette
 Attire on Business Meeting

13.  Confucianism
 Mainly focuses on obedience and loyalty
 The business ‘family’ is like an extended
family to the Koreans.
 Can be related to Bureaucracy Management,
a sub class of classical management
theorized by Max Weber(1894-1920).

14.  Collectivism
 Based on Inwha. Inwha emphasizes on
harmony between people of equal rank and
standard
 employees work as a team.
 employees take part in decision making
process.
 can be related to behavioural Management
Concept.

15.  Directive leadership- most common among
all others. Employees are loyal and obedient
to their leaders.
 supportive leadership-not much practised.
Hierarchy is practised strictly. No delegation
of authority.
 Participative leadership- practised widely.
Employees are inspired to take place in
decision making process.
 Achievement-oriented leadership- Also
practised in South Korea. Given certain
goals, or hard challenges n encouraged to
achieve them.
Leadership style

16.  LG (Lucky Goldstar)
 Managers motivate employees, let them
know of the goals and asks them to help.
 A family like atmosphere is maintained.
 "Family meetings" are held every month.
 Samsung
 Focuses on Confucianism combined with
western managerial style.
 Provides a number of flexible benefits such
as pension, healthcare, car allowance,
payroll giving, holidays etc.

18. Any Question?