This essay has been submitted by a student. This is not an example of the work written by professional essay writers.

South Korea:opportunities and Disadvantages

downloadDownload printPrint

Pssst… we can write an original essay just for you.

Any subject. Any type of essay. We’ll even meet a 3-hour deadline.

Get your price

121 writers online

Download PDF

South Korea, also known as the “Asian Dragon”, is one of the most important global economic powers today. Not only is the local economy very well off, it’s also open to foreign investment. A series of steps needs to be taken in order to understand the best approach, before exploring more. To open a foreign company in South Korea, first step that is a must is to report the branch to a specified foreign exchange bank and complete the court registration and business registration. To create a commercial entity or limited liability company, a minimum capital of 50 million Korean Won (about 36,000 euros) is required. Moreover, the company status must be certified by a notary and a founder shall be appointed for registration. The Board of Directors of the company will then be responsible for its management.

Opportunities in South Korea

South Korea’s growth is a mix of quick achievement of 100% literacy that started in Japanese occupation, significant land reforms that made the middle class, significant market reforms that helped the middle class trade with the world and a demographic one-time lottery. Most communist nations miss the stage 3 thus they are educated with land reforms with booming growth. Many crony capitalist nations miss stages 1 & 2, thus they have a “free” market but without a populace that is educated and with land to make use of the market. South Korea made sure they ticked off all its boxes.

Disadvantages in South Korea

Hangul is the main language used in South Korea with different accent. Many South Koreans do speak English with limited vocabulary but most of South Koreans can’t speak English properly. The Korean young population is quite risk averse. This is changing a bit as many students show more interest in entrepreneurship. The lack of a startup culture is also big concern for foreign business owners.

Relationship between Bangladesh and South Korea

Bangladesh’s export to Korea is growing fast, as by the portrayed bilateral relations in the last 47 years of diplomatic ties.

Bangladesh is Korea’s ‘priority partner country’ when it comes to the development cooperation as it is the fourth largest recipient of Economic Development Cooperation Fund loan from one of the world’s largest economies. Now Korean investors were running garment factories with more than 160,000 workers in Bangladesh, accounting for 6 percent of the total exports of Bangladesh, according to the envoy.

Apart from apparel, big companies like Samsung and LG are expanding their commercial presence in Bangladesh while small and medium-sized enterprises are also coming.

It is also building a Korean Export Processing Zone in Chittagong, the first private EPZ in Bangladesh that expects to attract investment of $ 1.3 billion from all over the world.

The two-way trade is now close to $ 2 billion, Bangladesh’s export was growing faster than ever before mainly due to duty-free access of Bangladeshi products. The exports have increased drastically – by 75 percent – in 2016 compared with 2014. Av. yearly growth (2005-13): 80%. Compared to other East Asian countries, trade in Korea has remained at moderate level. Opportunities for enhancing bilateral trade are largely unexplored.

Remember: This is just a sample from a fellow student.

Your time is important. Let us write you an essay from scratch

experts 450+ experts on 30 subjects ready to help you just now

delivery Starting from 3 hours delivery

Find Free Essays

We provide you with original essay samples, perfect formatting and styling

Cite this Essay

To export a reference to this article please select a referencing style below:

South Korea:opportunities and Disadvantages. (2019, April 10). GradesFixer. Retrieved January 29, 2022, from
“South Korea:opportunities and Disadvantages.” GradesFixer, 10 Apr. 2019,
South Korea:opportunities and Disadvantages. [online]. Available at: <> [Accessed 29 Jan. 2022].
South Korea:opportunities and Disadvantages [Internet]. GradesFixer. 2019 Apr 10 [cited 2022 Jan 29]. Available from:
copy to clipboard

Sorry, copying is not allowed on our website. If you’d like this or any other sample, we’ll happily email it to you.

    By clicking “Send”, you agree to our Terms of service and Privacy statement. We will occasionally send you account related emails.


    Attention! This essay is not unique. You can get a 100% Plagiarism-FREE one in 30 sec

    Receive a 100% plagiarism-free essay on your email just for $4.99
    get unique paper
    *Public papers are open and may contain not unique content
    download public sample

    Sorry, we could not paraphrase this essay. Our professional writers can rewrite it and get you a unique paper.



    Please check your inbox.

    Want us to write one just for you? We can custom edit this essay into an original, 100% plagiarism free essay.

    thanks-icon Order now

    Hi there!

    Are you interested in getting a customized paper?

    Check it out!
    Having trouble finding the perfect essay? We’ve got you covered. Hire a writer

    Haven't found the right essay?

    Get an expert to write you the one you need!


    Professional writers and researchers


    Sources and citation are provided


    3 hour delivery