Let’s tell this straight. Korea is an exciting place to do business and there are many lucrative opportunities. It can also be a challenging place to do business. It is often a strange dichotomy. In some ways, it leads the world; in others, it is an emerging market.
Historically, it has had a very complicated attitude towards foreigners but this is changing. There are a number of explanations for this including its colonial past, its relations with the North and the fact that large numbers of foreign troops are stationed here.
Yet, there is always an unquenchable desire for foreign goods. Likewise, its remarkable rise to a leading global power was achieved on the back of government assisted family owned chaebol (conglomerates) and closed domestic markets; these markets are now open.
The government has long been aware of the need to make Korea more open and business friendly but challenges remain. These are not just the obvious ones such as language but also more abstruse ones such as culture.
Ahnse has a team of experienced local and international lawyers. It appreciates these challenges. We advise not just on technical matters but we also get to know your business and tell you the things you really need to know about doing business in Korea.