SouthKoreaCOMM1117JessicaDansonEvgeniaAgenda•Introduction•Demographics•Culture,CustomsandEtiquette•BusinessEtiquette•RecommendationsforNegotiatingwithLGElectronics,Inc.•ConclusionIntroductionSouthKorea’GDPisthe11thlargestintheworld.Itisagloballeaderinthetechnologyfield.Knowingtheircultureandbusinessetiquetteishelpfultodobusinesswiththem.Throughthispresentation,welistthetipsandpointsabouthowweshoulddealwithKoreanandaddresssomerecommendationsinbusiness.DemographicsSouthKorea•Location•Population•Climate•BusinessIndustriesCulture,CustomsandEtiquette•CommunicationStile•Greetings•PersonalSpace&Touching•EyeContact•Gestures•ViewsofTimeCommunicationStyleandGreetings•Indirect•Avoidedtosay“NO”Tips:itmaybebestinmanysituationstoasksomeoneinadirectmannerifyouneedhelporclarificationGestures•Pointwithyourwholehand;•Toencouragesomeonetocomecloser:•Haveyourpalmfacingdownandcloseandopenyourhand;•Keepyourfeetonthefloor,neveronadeskorchair;•AlwayspassandreceiveobjectswithyourrighthandBusinessEtiquette•Dress•TitlesandBusinessCard•Meetings•GiftGivingMeetings•Time•Class•Startingtopic•Communicationstyleinbusiness•Silenttime•DrinkingcultureRecommendationsforNegotiatingwithLGElectronics,Inc.•Contactingperson:Mr.SooHyunKim(ManageroftheProductionDepartment)•Purpose:MakingapartnershipIntroducingonelineofproductionDispatchingsomeengineerstoLGtostudytheknowledgeBeforetheMeeting•Preparesometeaorcoffee•Donotanswerphonecallwhentalking.•Avoidtosaynumber4•Simplegiftwithcompany'slogo•Formen:conservative,darkcoloredsuitswithwhiteshirtsandconservativeties.•Forwomen:conservativebusinesssuitsordressesandblousesareappropriate.Avoidtightfittingandsleevelessattire.DayofMeetingArrivingontimeDress(formal,darkcolors)DayofMeeting•Greeting(businesscards,address)•Communication•BodylanguageExample:Lee(Family)+Dong(SharedGiven)+Sung(Given)AddresshimasMr.LeeorLeeSonsaengnimDayofMeetingBuildingtrustisvitaltoestablishingasuccessfulbusinessrelationship.NegotiationsEndingofmeetingConclusionSouthKoreaisatraditionalcountry,andhashighvalueonpersonalrelationships.Dependingonourrecommendationsabouttheircultureandbusinessetiquettewhichmentionedinourpresentation,youwillbesuccess.Goodluckforyou.Reference•Ramsden,S.(2016,August).HowtoMastertheAncientArtofBusinessEtiquetteinSouthKorea.RetrievedNovember15,2016,from•SOUTHKOREA.(2014).RetrievedNovember13,2016,from=110•SouthKorea.(2016,November13).RetrievedNovember13,2016,from•Chaney,L.H.,&Martin,J.S.(2007).Interculturalbusinesscommunication.UpperSaddleRiver,N.J:PearsonPrenticeHall.•BusinessPracticesandEtiquette.(2015).RetrievedNovember13,2016,from