Assignment task: Business Environment Analysis Report (BEAR) on South Korea:
Political and regulatory stability - Students will need to describe and discuss the political and regulatory system with reference to their stability and receptivity to international business, including foreign investment.
Legal system - Students will need to describe and discuss the kind of legal system that exists there. The following questions are typically important in such a discussion - Is the legal system transparent and independent? Is it fair and objective? Does it protect intellectual property, foreign investments, etc.?
Business customs and practice - Students will need to describe and discuss the business customs and practices that exist there. The following questions are typically important in such a discussion - What role do ethics, corruption, and respect of law play? How are environmental concerns and human rights issues addressed?
Religion and culture - Students will need to describe and discuss the cultures that play a significant role in the country, specifically how these cultures might impact international business.
Economic analysis of key indicators -
- Demographics
- GNP/GDP
- Major sectors and industries
- Currency, interest, and inflation rates
- International Trade patterns
- Labour Force