In: Operations Management
Your company is looking to expand outside the United States and you have been assigned to investigate South Korea for foreign direct investment (FDI).
Polital
technology
environmental
legal system/laws
economical
Political analysis of south korea : owing to the frequest changes in the government, the political environment of south korea is quite unstable. There is a centralized authority which has resulted in centralization of power. The militart also have a strong influence in the ploitical system of south korea.
Economic analysis :
South korea has a strong export industry which has resulted in the steady economic growth. But the country lags in import business which has made it internationally uncompetitive.
Technical analysis :
South korea is highly innovative in terms of technical aspects. The country is equipped with strong infrastructure facilities and is keep to invest on research and development.The telecom sector is one of the strongest technical sector of the country.
Legal analysis :
The country lacks in juries and the legal system is based on US and german court system.The country has an exclusive constitutional court which keeps an eye on every government decision.