PESTEL Analysis: South Korea
It is increasingly uncertain which nations are best to invest in, particularly given the volatile situation in the United States which will affect the world as a whole. One of the most useful tools to evaluate investments is that of PESTEL analysis, an acronym which stands for Political, Economic, Social, Technological, Environmental, and Legal analysis. Based upon this evaluation of resources, one of the most attractive nations in which to invest is that of South Korea due to its government stability and technological resources.
Political
South Korea has a relatively stable government. Although South Korea is occasionally outshined by its neighbor China because of China's sheer size, South Korea still boasts a democratically-elected government with a republican form of democracy and a constitution which "protects individual rights in additional to economic provisions, such as stable and balanced growth rates, proper distribution of income, and preventing abuse of economic power" ("South Korea," 2016). Government spending makes up a relatively large percentage of the Korean economy, almost 20% (Weissmann 2012).
Economic
South Korea's regulations have been improving regarding business. According to Barrons: "Korea has some of the most competitive and financially sound companies in and regulation (Zhong 2015).
Social
Socially, Korea boasts a highly-educated populace which is congenial to business. The culture of work is deeply ingrained within the nation. "South Koreans clock in the second longest working hours" of all nations of the world (Guppta 2016). A focus on innovation and diversifying Korean business in recent years has had strong support from the government and the nation as a whole, particularly among young people. For example, the Korean government's Ministry of Science, ICT and Future Planning has formed a partnership with Kakao Corporation -- "Korea's massively popular Internet communications company" -- specifically to generate new business ideas (Guppta 2016).
Problems still exist in fostering a truly innovative culture. "The [Korean] culture still sees innovation and startups as a trend that only offers instability" and according to one businessman: "It's not like in Silicon Valley, where if you fail you can probably…
South Korea The Political, Social, and Economic Institutions in South Korea South Korea was considered to be one of the "Asian Tigers," but that designation of strength did not stop the country from experiencing serious problems in the past. These were financial, but they were also social and political. The country went through rapid changes, including a financial crisis, but before that crisis occurred there were other issues with which the country
South Korea Market analysis Subscribers Political variables Economic variables Socio-cultural variables Observations Singapore Market analysis Political Economic variables Socio-cultural variables The basis of this country attractiveness report is to identify the most suitable target market to launch a sea food enterprise. The two countries within our scope are South Korea and Singapore. In this report we evaluate the level of attractiveness on the basis of political variables, economic variables, and socio-cultural variables. This report includes an analysis of the suitability of the
Certainly, this is reinforced by recent legislative efforts currently under discussion in the parliament. The ruling Grand National Party has been the subject of public resistance more recently, perhaps owing to the global economic slowdown which has caused widespread discontent throughout the world. In response, and with elections -- at that time -- approaching, the South Korean government considered the passage of legislation that would both place limitations and
An 'armistice' was signed in 1953, and this detailed that the two Koreas would be kept separate by the 38th parallel, and friends and relatives were cruelly separated from one another, some never to see each other ever again. The after effects of the Korean War can also be seen in the Gulf War that took place in the years from 1990 to 1991 between the Allied Forces and
Furthermore, an outright war could embroil the United States in a conflict far bigger than Iraq or Afghanistan, causing serious detriment to life, liberty and economic stability (Farrell, 2006). At this point, North Korea is still engaged in a process of saber-rattling. Their ability to impact markets and security is limited, but should the North Korean government make a bolder move, or force the West into a response, the situation
" Korea has been critical of U.S. procedures in tracking tainted products. The as-yet unratified FTA treaty includes a phasing out of South Korean tariffs on all beef products, including bone-in beef, over a 15-year period. However, recent news, exposing the risks of contracting e. coli from U.S. beef may compromise support for the treaty in Korea, while support in America for the FTA is on the wane given concerns about
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