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How Global Brands Can Enter the South Korean Market
If you're a company looking to enter the South Korean market, you need to assess your resources, export background, and overall business plan. Understanding how Korean consumers will receive your product or service is essential. Before diving in, it's wise to conduct market research for at least a…
P2P Marketplaces: Connecting Koreans to the Global Bitcoin Market
South Korea is considered one of Asia’s major cryptocurrency trading hubs, especially in December 2017 when bitcoin (BTC) gained swift popularity among crypto markets because of an event known as the “Kimchi Premium.” During this time, BTC’s price in South Korean markets skyrocketed at 43 percent…
Best Collaboration Tools in South Korea – Changing the Work Culture
Covid-19 is changing the world rapidly. People work from home because of social distancing, but still have to complete projects with their colleagues. Therefore, collaboration is essential. Korea has a collective work culture with principled rules and a rigid hierarchy. As an employee, one even has…
5 Step Guide to Setting up a Business in Korea as a Foreigner
The question that I get asked the most from foreigners in Korea is about setting up a business in Korea. South Korea has become an excellent location for global entrepreneurs and investors looking to enter the Asian market. Seoul, in particular, has become a global hub for startups passionate about…
10 Things You Should Know Before Starting a Business in Korea
South Korea's GDP is 10th in the world with a total of $1.64 trillion as of 2019. A small country like South Korea has made the top 10 because they have made a concerted effort to open up its economy to foreign players. Therefore many foreigners are interested in starting a business in Korea.…
