Tag: Korean law

  • 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…

  • 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…

  • 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…