South Korea covers an area of 100,210 sq km on the southern half of the Korean Peninsula. Seventy percent of the country is mountainous, while arable lowlands are along the west coast. South Korea only shares a land border with North Korea. The official language is Korean, spoken by 99% of the population. Major religions include Buddhism, Protestant Christianity, and Catholicism. South Korea has a highly developed economy ranked 11th largest in the world, with key industries like electronics, automobiles, shipbuilding, and semiconductor manufacturing. Confucianism emphasizes obedience and loyalty in business culture. Collectivism and participative leadership are also important influences.

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?