Thoughts on Korean Business by Don Southerton

Each year March 1st is celebrated as a South Korean National Holiday—this year, the 100th anniversary, of greater significance– a Day in Korean History. Some context regarding its significance.    We herewith proclaim the independence of Korea and the liberty of the Korean people. This we proclaim to all the nations of the world in witness of human equality. This we proclaim to our descendants so that they may enjoy in perpetuity their inherent right to nationhood. In as much as this proclamation originates from our five-thousand-year history, in as much as it springs from the loyalty of twenty million people, in as much as it affirms our yearning for the advancement of everlasting liberty, in as much as it expresses our desire to take part in the global reform rooted in human conscience, it is the solemn will of heaven, the great tide of our age, and a just act necessary for the co-existence of all humankind.  Therefore, no power in this world can obstruc...

Many of us enjoy learning about the culture and traditions of Korea amid an ever-changing society. This week, on February 19, Daeboreum is observed, celebrating the first full moon of the Lunar New Year. BTW, historic mentions of Daeboreum date back to the 1200s.  Daeboreum (대보름) literally means “great full moon”.    Daeboreum Festival As a cultural observance, Daeboreum is accompanied by tradition, rituals, and foods. As with all cultures, some practices remain more common than others…and there are often variations. That said, in recent years festivals have sought to preserve their traditions.  Common practices may include: It's popular to crack nuts (usually peanuts and walnuts)  with your teeth, tradition that this will keep your teeth healthy as well as other ills away for the year. People will cross back and forth on the walk bridges in the evening, the belief that it will mak...

My Korea facing weekend updates share thoughts and real-world topics as they unfold.  Your comments, point of view and inputs are appreciated.  This week’s question… Why are companies long tied to Korea the most engaged in support and coaching?  1.      My sense is those long engaged in Korea facing business have come to recognize their own deeper need to better understand the issues and business norms, which impact their decisions and the outcomes. In most cases, in conversations, I confirm their thoughts… adding context where needed.   2.      They have witnessed costly repercussions when not aligned with their Korean partners and leaders. They also strongly encourage their new hires to meet and get insights vs. the new hire without a resource tackling the challenges. Especially when they know Korea can and does throw some curve balls.  3.      And, contrary to the ass...