Korea Startup Guide 2013
Korea Startup Guide 2013
New Insider Insights for Entrepreneurs to Start a Business in Korea
About the Book
The most up-to-date guide for entrepreneurs who want to go to Korea to start a business.
With deep answers to 201 questions, this will save you weeks of research, or months of trial-and-error.
- insights into the local Korea mindset
- advice on how to thrive in this unique market
- suggestions on where in Korea you should set up your office
- negotiation insights : how to tell a yes from an indirect no
- the government departments you should know for best advantage
- predictions of what changes are likely in the next five years
- hiring and firing tips
- expected time and costs
- foreigner-friendly law firms, accountants, and banks
- hints at what products and services are missing in Korea
- advice on marketing inside Korea
Look at the Table of Contents for the full list of 201 questions.
The answers to each question were gathered by multiple researchers, both locals and expats with hands-on experience in Korea, so that this book is not one person’s opinion, but the insights of many, combined.
By buying this book, you will have lifetime access to all research at woodegg.com, including the ability to ask us any question about Korea, and we will find you the answer.
About the Author
Table of Contents
- IMPORTANT : READ THIS FIRST
- Country
- Current stats
- Quick history as it affects current business environment
- 2012 zeitgeist
- Near-future outlook
- 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
- Researchers:
- Younghee Noh
- 홍진석 Hong JinSeog
- Editor:
- Sarajoy Bonebright
- Artwork:
- IMPORTANT : READ THIS FIRST
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