Tag: Korea market entry expert

  • The TFT and Competitive Intelligence

    The TFT and Competitive Intelligence–Many companies use competitive intelligence (CI) to analyze opportunities before launching products or services. This is especially true for businesses entering a new market or starting a new venture. I can think of two examples, a supplier of traditional automotive parts venturing into the EV sector. Or, a local Food and…

  • South Korea’s Judicial Legal System

    South Korea’s Judicial Legal System has developed as a combination of Anglo-American and Continental laws.  It’s worth noting that while the United States and the United Kingdom have a Common Law legal system, South Korea’s legal system is based on Civil Law and Civil Codes, similar to many Western European countries like Germany. Misunderstanding can…

  • Miri Miri: The Better Approach

    Miri Miri: The Better Approach By Don Southerton, May 14, 2023 In my last article, I suggested that balli balli (fast fast) can also perpetuate a culture of waiting until the last minute. Moving fast, too, can often be a concern–conflicting with careful, meticulous study and planning before implementation.  However, in other cases, a well-taken argument in favor of balli…

  • Balli Balli: Reader Feedback

    Balli Balli: Reader Feedback and Comments I received some great feedback in my last Korean business culture update on balli balli. I especially appreciate the comments from those with long careers in Korea and globally. I paraphrase three comments below… Missed my last post? Here is a link https://www.linkedin.com/pulse/balli-de-facto-korean-core-value-more-than-meets-eye-don-southerton/ Comments Point 1Pushing for progress too…

  • EVs, Sourcing, Inflation Reduction Act, Part 2

    EVs, Sourcing and the Inflation Reduction Act, Part 2 By Don Southerton  As a follow-up to my April 11, 2023 Newsletter, I am sharing those vehicles qualifying for the entire EV $7,500 credit and those for a partial rebate. I pointed out before the criteria would eliminate many (most) EVs from a rebate as they…

  • Earth Day- Earth Week- Earth Month 2023

    Earth Day- Earth Week- Earth Month 2023By Don Southerton Reflecting on Earth Day, my ties to Green and Sustainability have reached back in time more than a few years. In fact, it parallels my work with Korea. In the mid-2000s, I was an advisor to developing and building the Incheon, South Korea Songdo International Business…

  • Roxberry Juice Company Looks to South Korea

    Utah-based Roxberry Juice Company has announced plans to expand its made-to-order smoothie experience outside the United States. On the reboot of the international launch, founder Brad Davis shared, “Roxberry’s strict focus on using only healthy and natural ingredients is again driving our brand’s growth. Like here in America, we’re excited to find the right partners…

  • New Food Brands for Korea

    This week I’d like to share my recent article in Haps Korea. It’s a Foodie article but shares some cultural insights, too. With few COVID restrictions, the international franchise business is set to boom. The Food and Beverage industry was greatly restricted under COVID, not only with shutdowns, limited hours with closing at 9 p.m.,…

  • In the News: Korea’s 69-Hour Workweek

    Korea’s 69-Hour Workweek. My recent article in Hapskorea.com. I look at the proposed jump to a 69-hour workweek and, to no surprise, Korea‘s pushback.

  • Legalize, Revise, and Amend 2023

    Legalize, Revise and Amend 2023–I was once told that in Korea, the purpose of signing a contract or agreement was to formalize the partnership. Over time terms would be subject to change and re-negotiation. My Korea-facing experience has been that the contract fundamentally solidifies the working relationship. However, to maintain the partnership’s contractual obligations, the…