Korea 2014
Korea 2014
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Korea 2014

Last updated on 2014-01-01

About the Book

How To Start A Business In KoreaIf you needed to sum up Korea in one word it would be this: fast. Three words? Fast, fast, fast!  This is a country of speed and efficiency that is unlike anything foreigners are used to.If you've been thinking about starting a business in fast-paced Korea, the Wood Egg Korea startup guide will be your go-to reference manual.Each year we hire 3 researchers (at least one local and one foreigner who live in Korea), a native English-speaking in-country writer, and an editor, to bring you insights from multiple perspectives.Our researchers spend over 200 hours interviewing local business people, politicians, and citizens who regular foreigners would never have access to. This is 200+ hours you will save to hit the ground running. (Bonus: When you register your eBook at WoodEgg.com you get access to all of our raw research and interviews.)In the 2014 Wood Egg Korea startup guide you will learn:* These common Korean conversational references must not be ignored. (Page 98)* Why being a foreigner can be an advantage (and how to use it to your benefit). (Page 105)* Save time with 7 of our best recommendations for short and long term housing (including phone numbers, addresses, websites, and estimated costs). (Page 145)* What Bill Gates can teach you about making mistakes when doing business in Korea. (Hint: It has to do with respecting hierarchy.) (Page 213)* The best (really, the only) way to make business introductions in Korea. (Page 233)* Our curated list of 6 accountants specializing in working with foreigners. (Page 318)* What methods work best to find (and keep) good employees in Korea. (Page 334)* All foreigners must comply with this to open a bank account in Korea. (Page 360)* Before signing any contract you must check this website (or else). (Page 370)* The top industries with room for growth in Korea. (Page 376)* These interesting marketing tactics are unique to Korea (but they're not always successful). (Page 384)All of this along with hundreds of other insights. All told you'll get the painstakingly researched answers to over 200 questions (over 400 pages!) about country, culture, life, and business in Korea.If you're looking to do business in Korea you won't find a more complete, up-to-date, guide.Click to buy now.

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About the Author

Derek Sivers
Derek Sivers and Chris Backe

Originally a professional musician and circus clown, Derek Sivers created CD Baby in 1998.

It became the largest seller of independent music online, with $100M in sales for 150,000 musicians.

In 2008, Derek sold CD Baby for $22M, giving the proceeds to a charitable trust for music education.

He is a frequent speaker at the TED Conference, with over 5 million views of his talks.

Since 2011 he has published 34 books, including “Anything You Want” which shot to #1 on all of its Amazon categories.

Table of Contents

  • Now
  • Introduction
  • Zeitgeist
  • Near-future outlook
  • Country
  • Current stats
  • Quick history as it affects current business environment
  • Relationship with other countries
  • Culture
  • Mindset
  • Religion and Race
  • Asia 101
  • Individualism
  • Local differences
  • Personal attitudes towards foreigners
  • What to wear
  • Attitude towards time and promises
  • Common conversational references
  • How to blend in
  • When not to blend in
  • Recommended reading/watching
  • Life
  • Quality of life
  • Cost of living
  • Western standards vs local standards
  • Language / English proficiency
  • Safety
  • Immigration / Visa
  • Where to live (short-term and long-term)
  • Typical living arrangements
  • Transportation
  • Internet / Phone
  • Food
  • Credit card? Cash? Check?
  • Availability of products/services
  • What’s not online
  • Differences in service standards
  • Expat community
  • Recommended resources
  • Business Culture
  • Mindset
  • Understanding “face”
  • Direct vs indirect communication
  • How to tell “yes” from “no”
  • Hierarchy
  • Who to speak with in organizations
  • Business attitudes towards foreigners
  • Signals of respect
  • How to build trust
  • Introductions
  • Business cards
  • Negotiation
  • Signaling success
  • Innovation vs status quo
  • Passing-through vs Full-time
  • Advantages to foreigners
  • Advantages to locals
  • Risks
  • Corruption
  • Government
  • General role of government
  • Who’s who: departments you need to know
  • What the government is emphasizing now
  • Incentives
  • Grants
  • Business Setup
  • Ease of doing business
  • Local partners?
  • Business structure choice
  • Business name choice
  • Timeline
  • Cost
  • Incorporating
  • Where to locate
  • Real estate
  • Big city vs outlying areas
  • What your location says about your business
  • Utilities
  • Permits
  • Contracts
  • Lawyers
  • Accountants
  • Paying taxes
  • Ongoing requirements
  • Recommended resources
  • Hiring
  • Local talent strengths
  • Hiring local people
  • How much to pay?
  • How to find good people?
  • Online vs offline
  • Hiring foreign people
  • Step-by-step process
  • Labor laws
  • Payroll
  • Unions
  • Firing
  • Recommended resources
  • Money
  • Banking overview
  • Bank comparison
  • How to open an account
  • Online banking
  • Paying employees
  • Paying vendors
  • Getting a bank loan
  • Getting investors
  • What if they don’t pay?
  • Industry sectors
  • Industries
  • What’s missing?
  • What’s unique?
  • Growing the Business
  • Marketing
  • Expanding outside the country
  • CREDITS

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