...PESTLE analysis PESTLE ANALYSIS Summary South Korea has been politically stable since becoming a democratic state. However, its relationship with North Korea continues to present a strong challenge. South Korea fell into a brief financial crisis in 1997 due to structural weakness in the banking sector, however strong economic and financial reforms quickly countered the downturn and put the country back on a growth path by the following year. With the opening up of markets after the financial crisis in 1997, the country became one of the largest technology markets in the world. As far as social issues are concerned, the country has low population growth and fertility rates, leading to an ageing population. Furthermore, the country has a highly qualified labor force, which makes it possible to both produce and commercialize advanced technologies. The country is also well equipped with extensive broadband network and telecommunication facilities. Legal procedures in the country are time consuming and complex, which makes it very difficult for foreign investors. The environmental scenario of the country is characterized by the breach of emission standards, which is reaching unreasonable limits in spite of its relatively small area and population in comparison to other countries. Republic of Korea: Country Analysis Report – In-depth PESTLE Insights © Datamonitor. This brief is a licensed product and is not to be photocopied Published 06/2008 Page 11 PESTLE...
Words: 8071 - Pages: 33
...PESTLE analysis PESTLE ANALYSIS Summary South Korea has been politically stable since becoming a democratic state. However, its relationship with North Korea continues to present a strong challenge. South Korea fell into a brief financial crisis in 1997 due to structural weakness in the banking sector, however strong economic and financial reforms quickly countered the downturn and put the country back on a growth path by the following year. With the opening up of markets after the financial crisis in 1997, the country became one of the largest technology markets in the world. As far as social issues are concerned, the country has low population growth and fertility rates, leading to an ageing population. Furthermore, the country has a highly qualified labor force, which makes it possible to both produce and commercialize advanced technologies. The country is also well equipped with extensive broadband network and telecommunication facilities. Legal procedures in the country are time consuming and complex, which makes it very difficult for foreign investors. The environmental scenario of the country is characterized by the breach of emission standards, which is reaching unreasonable limits in spite of its relatively small area and population in comparison to other countries. Republic of Korea: Country Analysis Report – In-depth PESTLE Insights © Datamonitor. This brief is a licensed product and is not to be photocopied Published 06/2008 Page 11 PESTLE analysis Political...
Words: 8071 - Pages: 33
...NATIONAL DEFENSE UNIVERSITY NATIONAL WAR COLLEGE NORTH KOREA: AN ARGUMENT TO JUMPSTART THE ECONOMIC ENGINE LIEUTENANT COLONEL JOHN D. BIRD II, USAF NATIONAL WAR COLLEGE CLASS OF 2007 COURSE 6300, SEMINAR K NON-MILITARY ELEMENTS OF STATECRAFT FACULTY SEMINAR LEADER: AMBASSADOR JAMES B. FOLEY FACULTY ADVISOR: COLONEL THOMAS GRIFFITH, USAF 29 NOVEMBER 2006 Bird 1 On October 8, 2005, North Korea detonated a nuclear device, and forever changed the global political landscape. Despite the best efforts of the United States, China, South Korea, Japan, and Russia, the isolationist regime was not deterred from joining the elite nuclear club.1 Now faced with the prospect of North Korean nuclear proliferation, the world is undoubtedly a more dangerous place to live in. Over the last 50 years, virtually all the instruments of national power have been brought to bear in an effort to solve the security dilemma presented by the North Korean regime. The detonation on October 8th suggests these previous strategies were not nearly effective enough. A nuclear armed North Korea presents a grave danger that should force us to reexamine our policy. This paper focuses on the economic instrument, examines how it has been utilized over the last 15 years in both the Clinton and Bush administrations, and offers some thoughts on a desired endstate of North Korean economic integration. The Context--the Fall of Communism The fall of the Berlin wall was a watershed event in man’s political, social, and economic...
Words: 2980 - Pages: 12
...Global Business Cultural Analysis: Republic of Korea Abstract The purpose of this paper is to provide information to business professionals about the Republic of Korea, the Korean culture, and the peculiarities of conducting business in this country. The topics discussed include a brief historical background about the nation, its dimensions of culture, how these elements are integrated by Koreans, and a comparison between these characteristics and American culture and business practices. The paper examines the implications for US firms wishing to do business in Korea using Hofstede’s Dimensions of culture, a SWOT analysis, and FDI analysis. Keywords: culture, religion, Confucianism, innovation, export, KORUS FTA Historical Background of Korea The Republic of Korea (ROK) is commonly known as South Korea. For the remainder of this paper, the ROK will be synonymous with "Korea". Korea is located in northeast Asia on the Korean peninsula between the Yellow Sea and the Sea of Japan. It borders the Democratic People's Republic of Korea (DPRK), also called North Korea (nK), immediately to the north, across the 38th parallel. Korea's total land area is nearly 62,000 miles, slightly larger than Indiana (www.cia.gov). It has an ethnically homogeneous population of over 49 million people, 83% of which live in urban areas (www.cia.gov). According to legend, Korea's birth as a nation was in 2333 BC with its early inhabitants coming from and heavily influenced by China...
Words: 9115 - Pages: 37
...Targeting TMBA BBUS 506 A Michael Cavelero, Joel Engstrom, Nesreen Zadah, David Tobey 4/19/2010 Introduction Smoke signals, telegraphs and telephones: communication in the modern world evolves quickly. The 21st century has been no exception. The rise of the internet heralded the growth of so called “online social networks” or simply “social networks” – websites where individual users carved out their own niche. Many of these networks have become household names to Americans: MySpace, Facebook, Linkedin and more. For many Koreans between the ages of ten and thirty, social networking has meant one thing: Cyworld. Cyworld, a small social networking company, was founded in 1999 by a group of MBA students in South Korea. The network was revolutionary, pioneering user experiences, such as community gifting and public threads, that other networks would adapt years later. Cyworld underwent rapid growth, and in 2003, was acquired by SK Telecom, a billion dollar Korean mobile communications enterprise. Cyworld employed a relatively unique revenue model of selling virtual items (“microtransactions”) to over twenty million users. However, by 2006, the social networking market was changing rapidly. Surveys and forecasts reflected declining activity and loyalty among current users. Additionally, an increasing percentage of users simply took advantage of the free services that were offered. Hyung-Chul Joo, as newly appointed CEO of SK Comms (the online services division of SK Telecom), is faced...
Words: 3253 - Pages: 14
...States. It was not until the late 1940s did both countries gain their independence. After decades of political strife, ranging from conventional war to guerrilla conflict against the United States, the Philippines gained their independence on July 4, 1946. It was when the United States signed the Treaty of Manila, annexing the Philippines, as it became an independent commonwealth (Philippine Independence). Meanwhile, approximately two and a half thousand kilometers north of the Philippines, Japanese oppression ran rampant in the Korean peninsula. It was only until, the US had dropped two atomic bombs over Hiroshima and Nagasaki did Japan withdraw their troops from the peninsula, ending the Second World War. Thus, on August 13, 1948, South Korea had attained full autonomy from Japan, commemorating the end of the thirty-five year Japanese occupation, and the formation of the South Korean republic (National Liberation Day 2012). Similarly, following the liberation from colonial rule, both nations had experienced political turmoil, or economic deterioration as a result of war. Just 5 years following the liberation of Korea, the communist North invaded the South thus ensuing the Korean War and truncating into half the once united Korea (Tran 2011). Concurrently, the Philippines, though lacking a stable administrative system to recover from the war, endured as relatively stable in terms of state unity. As both countries encountered similar colonial experiences and political turmoil around...
Words: 2469 - Pages: 10
...Targeting TMBA BBUS 506 A Michael Cavelero, Joel Engstrom, Nesreen Zadah, David Tobey 4/19/2010 Introduction Smoke signals, telegraphs and telephones: communication in the modern world evolves quickly. The 21st century has been no exception. The rise of the internet heralded the growth of so called “online social networks” or simply “social networks” – websites where individual users carved out their own niche. Many of these networks have become household names to Americans: MySpace, Facebook, Linkedin and more. For many Koreans between the ages of ten and thirty, social networking has meant one thing: Cyworld. Cyworld, a small social networking company, was founded in 1999 by a group of MBA students in South Korea. The network was revolutionary, pioneering user experiences, such as community gifting and public threads, that other networks would adapt years later. Cyworld underwent rapid growth, and in 2003, was acquired by SK Telecom, a billion dollar Korean mobile communications enterprise. Cyworld employed a relatively unique revenue model of selling virtual items (“microtransactions”) to over twenty million users. However, by 2006, the social networking market was changing rapidly. Surveys and forecasts reflected declining activity and loyalty among current users. Additionally, an increasing percentage of users simply took advantage of the free services that were offered. Hyung-Chul Joo, as newly appointed CEO of SK Comms (the online services division of SK Telecom), is faced...
Words: 3253 - Pages: 14
...Socialist Republics after Japan’s unconditional surrender during WWII; the Republic of Korea (ROK) had gone throughout drastic changes in its social, economic, and political structure, but in the 1960s, under the regime of Park Chung Hee, the Korean government implemented measures to increase export and decrease the import of foreign goods and at the same time nationalized banks, and persecuted South Korean business leaders for profiting from the corruption in the South Korean government. During this period South Korea woke up to a dawn of industrial revolution that changed the economic future of the Peninsula. Park started what would take the ROK from a agricultural economy, to one of the world’s largest economies. Although the Japanese government had put in place some infrastructure to developed the Korean Peninsula during the Japanese occupation from 1890’s to 1945, these infrastructures were solely for Japan benefit. “Many economists think it developed into the world’s 11th largest economy by following the model of the world’s second largest economy just next door – Japan.” (Korea, 2001). Park’s administration developed and adapted the Japanese economic system they had introduced in South Korea since the 1920, the “Zaibatsu”. The Korean version is called “Chaebol” which means “business conglomerate”. The Japanese Occupation...
Words: 4255 - Pages: 18
...Bin Zaid Total Quality Management 1|Page SCHOOL OF GRADUATE STUDIES TABLE OF CONTENT MANAGEMENT AND SCIENCE UNIVERSITY, SHAH ALAM 1.0 Brief Introduction to selected organisation…………………………………..………….3 2.0 Comparing and contrasting the QMT used in the selected organisation…………….4 3.0 Analysis of findings……………………………………………………………………....8 4.0 Recommendations on quality management and conclusion…….……………….........8 Usamah Bin Zaid Total Quality Management 2|Page SCHOOL OF GRADUATE STUDIES MANAGEMENT AND SCIENCE UNIVERSITY, SHAH ALAM Brief Introduction to selected organisations: Panasonic Corporation formerly known as Matsushita Electric Industrial Co., Ltd. is a Japanese multinational electronics corporation headquartered in Kadoma, Osaka, Japan. The company was founded in 1918, and has grown to become one of the largest Japanese electronics producers alongside Sony, Hitachi, Toshiba and Canon Inc. In addition to electronics, it offers non-electronic products and services such as home renovation services. Panasonic is the world's fourth-largest television manufacturer by 2012 market share. Panasonic was founded in 1918 by Konosuke Matsushita as a vendor of duplex lamp sockets. In 1927, it began producing bicycle lamps, the first product which it marketed under the brand name National. During World War II the company operated factories in Japan and other parts of Asia...
Words: 2361 - Pages: 10
...reflected in my Gmail account) will be deducted 10 points. Similarly, any submission from 1:01 PM onwards will be given a score of 0. 1. Create a new product concept board, following the prescribed presentation format, with the intention of extending an existing shopping or convenience product line currently available in the market. Be specific about the innovation you recommend, including product type, classification and available variants of the chosen brand, to make sure the concept board is responding to a specific consumer insight. Creativity in the execution of your concept board is not required, but will be appreciated. Be brief and direct in communicating the elements of the concept board. (15 points) 2. “MANILA, Philippines — Taiwan-based mobile phone maker HTC said it is keeping itself out of the brewing low-cost smartphone war among such vendors as Korean firms Samsung and LG and instead would focus on delivering premium phones to the...
Words: 802 - Pages: 4
...June 2010 A) How far did ‘peaceful coexistence’ ease Cold War tensions between the Soviet Union and the USA in the years 1953–61? Mark Scheme: Candidates should have knowledge about the main features of ‘peaceful coexistence’ in the period 1953-61. Developments which helped to ease Cold War tensions might include: the end of the Korean War (1953); Soviet settlement of border disputes with Turkey and Iran (1953) and recognition of Israel (1953); Austrian independence and improved Soviet-Yugoslav relations (1955); the ‘Geneva spirit’ based on east-west summit diplomacy and Khrushchev’s visit to the USA in 1959. Developments which sustained Cold War tensions during the period might include: US attitudes towards communism in the 1950s (domino theory, ‘roll back’, Eisenhower doctrine); Soviet concept of peaceful coexistence based on long-term victory of communism; the impact of the Hungarian Rising (1956) and the launch of Sputnik (1957); the U2 spy plane incident (1960) and the issue of Germany (1958-1961). At Levels 1 and 2 simple or more developed statements will provide either only simple or more developed statements about peaceful coexistence with either only implicit reference to the extent tensions were eased or argument based on insufficient evidence. At Level 3, students should provide some sustained analysis related to the extent tensions were eased but the detail may be hazy in places and/or...
Words: 7464 - Pages: 30
...Japan in Asia: A Hard Case for Soft Power by Thomas U. Berger Thomas Berger is an associate professor of International Relations at Boston University. he concept of ‘‘soft power’’—defined by Joe Nye as ‘‘the ability to get what you want through attraction rather than through coercion’’1— has proven a seductive one for Japan. Since the concept was popularized in the 1990s, Japanese scholars and policymakers have enthusiastically taken it up, eagerly exploring how Japan’s soft power resources could be exploited to burnish Japan’s image in the world and help reshape its environment in subtle but important ways. Some—perhaps encouraged by the new attention given to the popularity of Japanese anime and manga, and by the general buzz about ‘‘Cool Japan’’—have even described Japan as a ‘‘Soft Power Superpower.’’2 It sometimes seemed, in more overheated moments, that Pokemon and Sailor Moon would conquer the world, succeeding where the Imperial Army and Navy had failed.3 That soft power would prove attractive is unsurprising. Although Japan has considerable hard power resources, it has shown great reluctance to actually use them in the way that students of international relations would T 1 The idea was originally advanced by in Joseph Nye, Bound to Lead: The Changing Nature of American Power (New York: Basic Books, 1990). He has since expanded on the concept in Soft Power: The Means to Success in World Politics (New York: Public Affairs, 2004). 2 See the very useful volume by...
Words: 8400 - Pages: 34
...and military superiority during the Spanish era, During the time it was called a walled city because of the tall walls that covered all over the place. But during the 2nd World War it was heavily damage due to bombings and also, the Japanese used it for their prison barracks. This paper shows the profile of the case study area which consist of Geographic Characteristics, Socio-economic, and Political profile. This explains the current status of Intramuros in terms of population, environmental quality, economic condition, and the educational institutions in the area. Political profile is one of the most important factors to consider since the government is the one who gives financial support to accomplish certain projects or plans. The city of Intramuros has many things to offer. Even if it is not blessed with natural and archeological resources, the “walled city” is rich in history and culture that plays a major role in preserving our heritage and national identity since, it is easily overlooked by many Filipinos. In order to know the strategies that we are going to utilize and to come up with our group’s goal and mission, we use Strengths, Weaknesses, Opportunities and Threats Analysis. It turned out to that opportunity in Intramuros outnumbered the other three components of SWOT Analysis which is strengths, weaknesses, and threats. This implies that the future of Intramuros can be as good as we never imagined however, it requires long term maintenance of responsibility...
Words: 9807 - Pages: 40
...bureau, and five years later the Imperial Japanese Government Steel Works began operation at Yawata (now part of Kita-Kyūshū) in northern Kyushu. In the following three decades several private steelmakers were also founded. In 1934 the imperial Diet passed legislation creating the state-operated Japan Iron & Steel Co., Ltd., which incorporated the Yawata works and six private steelmakers (Wanishi, Kamaishi, Fuji, Kyushu, Toyo, and Mitsubishi). By the end of 1939 this giant trust had developed several large, modern, integrated steelworks. During World War II, however, bombings and loss of raw materials put most of the works out of operation. The disintegration was completed in 1950, when, under pressure from the Allied occupation authority, the trust was dissolved. Its assets were distributed among four new private companies, including Yawata and Fuji. The Japanese economy prospered greatly following the outbreak of the Korean War in 1950, and world prosperity in the 1950s and ’60s sparked an enormous demand for inexpensive steel. To meet this demand, Yawata and Fuji launched successive modernization programs that resulted in large-scale integrated mills, more efficient operations, and improvement of...
Words: 2449 - Pages: 10
...Background and history of firm The Samsung Company is a South Korean based on large business that involves a number of subsidiaries. Samsung was established in 1938 by Lee ByungChul who is the first president in this business. He started a regional food exporting company in Taegu, Korea. After surviving the Japanese Occupation, World War II, and the North Korean invasion (seriously, are they planning on doing a movie any time soon?), Byung-Chull started anew in a sugar refinery outside Busan, South Korea. he would expand his business into a wide range of enterprises, moving into businesses such as insurance, securities, and retail, with Byung-Chull signalizing industrialization as the course to growth. This company is one of the largest companies in the world. Their main focus is in electronics, massive industry, and many other else and then their competitors are Apple and LG. However, consumers support their merchandises and services rather than these businesses Samsung was originally started small company as a grocery, but over time, this company is gradually grew up a big company in society when Lee GunHee became a leader in this business. Moreover, they always try to exploit future things which are models of galaxy. When Apple was rolled out I-phone, it’s like this company start to triumph competition against the Samsung, so this business is more focus on product which is a new way of smart Phone. As a result, they start to win competition against other companies. However...
Words: 1690 - Pages: 7
