I wanted to share an article that I have submitted for publication in a global business journal.
Although it is long-winded I feel that it shows and covers my experience of living and working in Korea for the last 5 years. I have attached both a .docx. & a .doc version for your review. PLease see the updated version below in the discussion thread.
Look forward to a great discussion and/or comments.
As you've submitted it for publication I think someone on the other end will do the editing as well, but I pointed some things out as I automatically pick these things up anyway.
Koreans have a high respect for their elders both . . . (No ')
PyeongChang (no e at the end)
nano- and biotechnology (added -)
I thought Japan, China and India ranked higher in GDP than Korea, making it the 4th Asian economy. But I could be wrong.
I also look forward to the discussions of that actual content
Thanks Wally - nice catches. I will contact the editor and make sure they make those changes.
Very good read, thanks for putting it together. I particularly liked the "glocalization" term. As discussed back during the Tesco interview, adaption rather than wholesale adoption is probably the name of the game in the modern international business environment. Personally, I think too many Korean businesses (and the people involved in them) at too strongly pushing "Westernization" for themselves and business practices. As individuals and as a market, Korean culture brings something unique and valuable to organizations, the key is understanding where and when it can be applied effectively and when it can't.
I'll reread for more depth later and hopefully a good discussion will develop here to enhance the information. Hope for the best with publication and thanks again.
1st Paragraph: Boarded (change to) Bordered
Uhm..Well, if I follow such advise I'll be out of business in Korea before I can say "5000 years of Korean history" (a Korea history which actually is only significant from around 300 A.D.) Each and every Korean businessperson I've worked is uniquely different in his business actions. I strongly disadvise from stereotyping Korean partners, competitors, leads, and clients. Using the Korean language with Korean businesspeople is my way of gaining insight to the "psyche" of my Korean counterpart today, and then a client tomorrow.
A well written article but very one sided. You've talked quite glowingly about Korea's positives, their successes in hard technology such as R&D, materials, and bio-pharmaceuticals. You've also pretty accurately outlined the issues foreign executives and multi-national companies face(d) in Korea. All of which i don't disagree with, and is important to know.
However you have neglected to mention the looming negatives facing Korea businesses today.
As an Professional Expat Korea Business Consultant it is my goal to generate business and this article is NOT to be a "Dear Abby” column nor an objective Op-Ed piece for Cosmo. Why would any experienced, business professional highlight the negative side of any business or country where the point is to generate foreign business into Korea.
Glamorizing ROK business is a very effective marketing tool to C-level foreign execitives.
Secondly, Invest Korea, KOTRA and the FEZs located all over Korea main objective is to foster FDI.
Ask Hank Ahn.
Business Partnering happens every day in Korea in the way of joint ventures, M&A, Investments etc.. usually with reputable multi-national companies.
Supporting expat SME - Seoul Global Business Support Center does just that.
However, why would Korea want to foster foreign SME when they should and focuse more on Korean SME.
Your logic is very mute, elementary, unfounded and should be saved for Craigslist Rants & Raves.
If you have trouble acclimating to the “Korean Way” of doing business you are not going to be remotely successful in this country and harping on the negatives of Korea, Korean’s and Korea business is simply a form of cancer that will gnaw away in your gut until you realize the obvious – accept and acclimate.
Finally - snake-oils have been proven to work even if they are a placebo.
Mr. Sisson - your insight on my psyche is totally erroneous - but then again I'm not (thank fully) your paying client.
Doing business in Korea for +20 years with Koreans for Koreans is my walking the walk, not just talking.