Global Business Cultural Analysis: South Korea Essay

intentetary tune ethnical analysis of the community of in the south Korea is the focus of this research constitution and go forth address how southeastern Korea is put as a trading henchman with the United States, what is conspiracy Koreas frugal egress prospective, does China repair atomic number 16 Koreas scotch growth, what ar the sparing ties between North Korea and southerly Korea, does touristry play an great p benthoodament in their deliverance, what ar the major elements and dimensions of civilisation in this region, how are these elements and dimensions integrated by locals exonerateing vocation in this nation, how do twain of the antecedent items oppose with US market-gardening and billet, and what are the implications for US parentage that wish to conduct business in that region.South Korea 3IntroductionSouth Korea has emerged numerous calamities in its young history. Koreas remarkable economic growth since the 1960s has been described as an East Asian miracle (Hongshik, 2008). They survived the occupation by Japan, the ravages of the Korean War, all contributeing in destitution and a dysfunctional brass section. These events did non choke South Korea in a bunk to compete or participate with a maturement terra firmawide economy. However, within recent eld, South Korea rose from the ashes to be lie with a draw outer in communication applied science and the automotive industry.A changing global economy has induced the Koreans to transform their g everywherenment and utilized the strengths of their culture to be come in a formable player in the global grocery store (Lee, 2003). This paper will disc everyplace how South Korea is positioned as a trading supply with the United States, South Koreas economic growth prospective, Chinas impact South Koreas economic growth, the economic ties between North Korea and South Korea, the role tourism plays on its economy, the major elements and dimensions of cultur e in this region.(Communications, Religion, morality, Values and attitudes, Manners, Customs, complaisant Structures and Organizations, and Education), how these elements and dimensions are integrated by locals conducting business in this nation, how do twain of the previous items compare with US culture and business, and the implications for US business that wish to conduct business in that region.South Korea 4Major elements and dimensions of culture in South Korea South Koreas pietism groundwork be con slopered a poly-religious fellowship or perhaps tell apart as a melting flock of religion callable to the growing in foreigners. Confucianism, Christianity, Buddhism and Shamanism are just a few of the main religions and Islam is one that is growing fast everyplace the last 50 years. Confucianism saturates South Koreans everyday life and evolved or was introduced from the Chinese. However, it is probably bump defined as a trend of life than a religion. Confucianism was a arranging created by Kung Fu-Tzu to the highest degree 500 BC.Kung Fu-Tzu taught the corpse during a clipping when China was break mangle by fighting. He developed quintette concepts to follow. Fairness and morality, father and discussion shall lease an appropriate under stand up between themselves, economise and wife shall maintain separate roles, the elderberry bush shall put one over priority, and friends shall give precedence to corporate trust and conviction. Confucianism has an impact on Korean society by influencing mixer status and contacts where Koreans standing is decided by age, gender, statement , family history, affluence, job, and political philosophy.Koreans prosperity is hardened by their contacts. Korean prominence is visualised by age, gender, education, family background, affluence, job, and governmental philosophy .Social contacts determine success. Heredity and history are important factors on how people are hardened in an ordered society (Choong, 2012). Buddhism has existed for thousands of years and is considered by many non to be a religion but a hatchs to develop spiritual consciousness of ones true self. Buddhism excellently denies the existence of the self. This is usually understood to mean that Buddhism denies the existence of a stiff self-existing over and above the flow of conscious aspire wind (Fink,South Korea 52012). It does non adore a God of creation. Globalization has introduced Buddhism to the world to become a multinational religion (Kitiarsa, 2010). South Koreas ethic and lever system has been twistd by the divers(a) cultural make up since the Korean War, and the things that influence the Korean people are diametrical on how decisions are made in other nations. Globalization draws attention to the drive for understanding business morals and set of the culture a business or corporation is working with. Recent scandals leave brought into focus the need for business ethics. The US f irm, Enron, filed bankruptcy payable to business ethics being ignored and Daewoo had the same helping for South Korea.Corporations shed adopted codes of ethics to repair their image to the world. Among four people-centered magnetic core set, human-centered management/human election development and knowledge sharing were the look ons preferred by the managerial group. Managers laid more(prenominal) importance on indebtedness values, among which obedience to the law was noteworthyly accentuate by the managers. With respect to the social responsibility values, the managerial group scored higher for the value of disclosure with no significant difference.As to the leadership values, social responsibility, faithful tax income payment, and transparency of tuition (Eunsang 2009 11(2), 235-252). Whistleblowing is an important incision to help keep businesses in line and is a concept the Asian countries catch adopted. However, not much has been reported on its progress in thos e countries. Confucian ethics and Individualism-Collectivism can return an influence on effective whistleblowing.Confucian ethics had significant but mixed cause on whistleblowing Intentions. The affection between father and watchword had a negative effect on internal and external whistleblowing intentions, while the feature between the roles of husband and wife had a positive effect on those intentions. The effects of collectivism were also antithetic depending on the specific types of collectivism.Horizontal collectivism had a positive effect on both types of whistleblowing intentions, whereas vertical collectivism did not describe any significant effects on whistleblowing intentions. These results indicate that cultural traits such as Confucian ethics and collectivism whitethorn affect an individuals whistleblowing intentions( Park, 2005 58(4), 387-403). Ethics and values in the public mickleing field also play a significant role a business when dealing on an internation al level.The situational surround tis complicated, and opinions are competing most of time. An issue of honourable relativism exists for each situation. Public Relations club of Americas (PRSAs) new tag of Ethics still contains this complex task of ethical relativism. The PRSA Code of Ethics 2000 provides set-apart flow of information as defend and advancing the free flow of dead on target and truthful information is essential to table service the public fire and contributing to advised decision making in a democratic society.At the same time PRSA code recommends (1) to avoid real, potential, or perceive conflicts of interest in order to hit the trust of clients, employers, and the publics, and (2) to protect confidential and esoteric information of clients.(Yungwook, 2003,42(3), 209-223).The food industry is some other(prenominal) reach of public concern and interest in values and ethical doings of those involved in importing nucleus . The Korea U.S. Free cunning pledge (KORUS FTA) facilitated the mogul for U.S. beef supplied to South Korea. However, the public protested cod to concerns that safety guidelines for handling beef were not followed and resulted in mistrust of the public officials (Kim,2009).Attitudes of the South Koreans are influenced by the dynamic diverse cultural, and globalization. South Korean college students seem to be in favor of globalization. However, the South Korean females were more cautious concerning globalization (Suplico, 2008). This information gives good insight into forthcoming or potential globalized consumers. Exactly how a inelegant or nation conducts its manners presents a very challenging concern when different cultures interact. Body language, standing too close, smiling, a hand shake, bowing, taking your shoes off before entering an area or house, and tone of the voice, are just some(a) of the ways people interact and can revilement someone without knowing what they did to insult or anger an ind ividual or group. For that reason, it is important to learn everything you can about the culture before you do business with them.South Korea customs crap evolved and changed over the years but they still have strong family adheres, practice Confucianism, have fill out weddings, special rice dishes, eat with cut up sticks, and traditional Tae Kwon Do martial arts.Social Structure in South Korea changed over the past 50 years on several fronts. The family structure is altered due to the family size changing. The value of a claw is important to the Korean family. The reason to have children is psychological, and the reason not to have children is due to economics. A person was not considered complete, or as an adult, until he or she had a child. Not being able to have a child, especially a boy, was considered a personal and family tragedy. It meant that a persons future was in jeopardy since their children would not succeed them and the family line might come to an end. It was in conceivable that a person would pick not to have children.However, with modernization, young Korean mothers are choosing to have far fewer children (on the average one child) than their parents (four children) and their grandparents (six children Korea Statistics Bureau, 2003). Cultural transformations over recent decades have led to the expediency of contraceptive methods and medical technology (Uichol,2005 54(3), 338-354). industrialisation led to an increase in the urban residents and changed the family structure creating an increase in thermonuclear family structures and decrease in the extended family. industrialization is also affecting the family in another negative concern involving a accentuate in marriage and increase in divorce. However, a decrease in prearranged marriages and more woman in the workforce. Also, individuals are seeking more self-satisfaction. A plus side can be seen in the changing society concerning younger people is wealthier with pensions for the f uture retirement, have an increase in locomotion (Shin, 2003).The connection between daughters-in-law and mothers-in-law in South Koreas upper-middle-class families that live in an urban area is changing as the common residence disappears and an increase in the nuclear family. However, they remain deeply committed to the extended family. This change reflects the industrialization of their society.The industrialization has made it economically possible for a larger number of nuclear families shortly after the son is married (Kim, 1996). notwithstanding an increasing trend of nuclearization of the family, the family has not been replaced by a dyadic conjugal bond and has not lost its basis as the primary social organization in tutelage ties among members of the virtual stem family. In contrast to many western societies (Reiter 1975), classless ideology has not completely undermined the role of parents, and mothers still act as agents of their sons and socialize them to be committ ed to perpetuating the family and maintaining family status. (Kim,1996, 69(4), 179-192).Mother and son relations continue in a traditional manner outside the nuclear family. Mothers from an upper-middle-class continue to intercede in their sons life well in to the sons marriage. The lettering the mother has to her sons exertion does not guarantee the son will want to care for his parents once they get up in age. The daughter-in-law will take hold her husband and join her mother-in-law in keeping the family ties by communicating by phone, visits, natural labor, and gifts.The state enjoys the nuclear family because welfare programs are few with this relationship. However, the relationship between mother-in-law and daughter-in-law is not without problems. As the mother-in law gets older she no longer has the influence of her ideologies and put pressure on the daughter-in-law when she tries to impose her authority. The daughter-in-law can be crafty about utilizing her higher educat ion and experience to destabilize her mother-in-law. This will lead to the deterioration of unity and result in the two sides avoiding each other to deal with their dis symmetrys.( Kim,1996).The Korean and US Free clientele Agreement (KORUS FTA) provides a significant ongoing opportunity to benefit both nations. In 2008 the ratification of The Korea-United States Free Trade Agreement (KORUS FTA) paved the way for the Korean subject field Assembly and the United States Free Trade Agreement to implement FTA in 2012.However, during those 4 years, both sides lost valuable remunerations that could have been accumulated. Even though opportunities were lost during those 4 years, the economic and political impact is substantial for both sides.December 2010, prexy Barack Obama and President Lee Myung-bak negotiated a supplemental arranging to hurdle the main political problems concerning the agreement because they both knew the huge benefit that both sides would obtain for their future. KORUS FTA is a huge parade that created a strong alliance between the US and South Korea (Schott, 2011). Also, the largest happen upon would come from the production gains produced by the increased disceptation between the United States manufacturers and local Korean fabricators. Another important area of gain for Korea will be from increased opportunities from the reduction in non-tariff barriers (Hongshik, & Backhoon, 2008).South Korea Economic harvest PerspectiveSouth Koreas monetary development, over the past 30 years, has been excellent. financial development for economic growth is a significant program issue. Economic growth can be accomplished with a couple of routs. The first is well-developed financial intermediaries can encourage the public to increase saving and then to accumulate social capital.The second route is that, as financial mediators develop, more savings are shell out to organizations more efficiently, and thus, financial development improves produc tivity and growth. (Song, 2010). South Koreas per capita GNP, was only $ atomic number 6 in 1963. However, it surpassed $14,000 in 2004. In 2006 South Korea was the United States seventh-largest trading partner and 11th-largest economy in the world. Park Chung Heess administration introduced across-the-board economic policy changes in the 1960s stressing exports and light industries.This lead to spark off debt financed industrial development. In addition, Hee, reformed their currency, fortify their institutions for finance, and financial institutions, and presented an economic development plan that was more workable for future growth. Manufacturing became an area they expanded on during the 1970s along with endorsing chemical, electronics and the automotive industry. As a result the manufacturing industry grew at a rapid pace into the 1990s (Economy, 2006).