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January 17 , 2011

CEO Guide to Doing Business in South Korea


South Korea has a motivated and highly educated workforce that leads the world in a range of high-tech disciplines. Seven per cent of the country’s GDP is spent on education and 74 per cent of South Koreans undertake post graduate-level education.

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One of the main reasons companies resort to outsourcing is it can significantly reduce costs. In the case of overseas outsourcing of manufacturing tasks, costs can be cut dramatically because there are lower wages and costs associated with managing and maintaining the manufacturing plants.

You will find workers in South Korea to be disciplined, hard working and keen to undergo training. South Korea greatly values its workforce highly and is keen to attract high-quality skills from overseas. It has recently relaxed restrictions on visas for overseas workers. The organisation Contact Korea has Korean Business Centres in 29 countries around the world, dedicated to attracting talented people to work in South Korea.

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