Thoughts on Korean Business by Don Southerton

I often share that non-family Korea CEO tenure being considerably less than their overseas operations. By comparison internationally the non-Korean CEOs tend to stay in the job lots longer ... and a more performance based model. Of course, the organizational dynamics in Korea with everyone in the ranks ever-moving upward forces those at the top out to make room for the next generation. This excerpt notes CEO tenure at many of the top Korean Groups. SEOUL, July 30 (Yonhap) -- The average term in office of South Korean CEOs is 2.63 years, shorter than the minimum three years endorsed by the country's commercial law, a finding by a local corporate research firm showed Wednesday. The report was compiled by tracking the tenures of 576 CEOs at listed companies belonging to the country's 30 largest conglomerates from 2000 onwards, CEO Score said. The results exclude chief executives who actually run the conglomerate or are family members of these tycoons. The data showed t...

It was time for a Golf article. Vintage MacGregor Walking into a curio and antique shop in Golden, Colorado, my attention was drawn to an aged golf bag. A hand-written sign priced the clubs and irons at $3.00 each. Working extensively in the golf sector, I attend high profile and prestigious events, such as the annual PGA Show in Orlando and last October the President’s Cup in Columbus, Ohio. More so, I provide daily support to retailer Golfsmith for their entry into the South Korea market with Korean partner Golfzon. As a result, I am often given the opportunity to try the latest cutting edge clubs, both those in development and those on the market. Pleasantly surprised, I found the time-battered golf bag contained clubs and irons branded MacGregor. In short order, I grabbed a 4 Wood and a 3 Iron and became the proud owner of classic 50s clubs. Don Southerton and MacGregor 4 Wood MacGregor Golf, which began making clubs in 1897, pioneered many of the advan...

This week i'm stringing together...some quotes.  Don Southerton "Among them includes powerhouse Bridging Culture Worldwide, global consulting firm dedicated to market entry into Korea’s business economy." http://goldentranscript.net/stories/Co-working-leaves-coffee-houses-behind,156493 Golfsmith Korea, Paju "Wonder who helped US Korea Connect with this Success Story?" http://www.uskoreaconnect.org/business-connect/success-stories/golfsmith.html "Don, You are a wealth of knowledge. I greatly appreciate you so freely sharing your expertise in Korean economy and business environment " http://www.koreaherald.com/view.php?ud=20140430001292 ###