Monday, November 30, 2015

Everything Korea, November 30 Episode: The Economist looks at Korean corporate culture.

This week’s episode shares thoughts from an interview with The Korean corporate culture.  I have attached a link to a PDF version. Take a few minutes and read.  BTW The article appears in this week's Print Edition as well in the Digital version.... Circulation 4.5 Million paper/ 2.5 million Digital ...

The Article paints the Korean workplace as softening.... And I agree this is true at Hyundai Capital as they cite... and I feel Capital is perhaps one, if not the leader in crafting less restrictive and innovative workplace in Korea…

This said, and not a surprise for my viewers and readers, is how the article-- in probing deeper--how many Korean companies in contrast have gotten tougher on staff … in fact it’s my point of view that this is more dominate force today in the Korean workplace especially in overseas operations, than a softening ….

Don Southerton, who advises South Korean businesses on how to manage their foreign operations, says many have been “going back to basics” since the slowdown in China and other big emerging markets. Their Korean staff have reverted to working longer hours and straining to hit short-term targets, under pressure from the bosses back in Seoul.

The article adds some companies (code word for the major Groups) in Korea appear “to be tightening the screws,” “making them stick to a strict lunch hour,” or “asking them to arrive at the office an hour earlier.”

All in all, I feel The Economist article reflects an ever-changing Korean workplace, one I share in mentoring, coaching and crafting a strategy to overcome the challenges.

Access Link to the Article:

In the meantime, would you like to schedule a time to discuss your Korea facing business questions?

To facilitate and with my rather demanding workload and travel, Stacey, my personal assistant at can schedule us for a time.

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