...Professor Sneeringer December 8, 11 A Contrast of the Education System Between the Republic of South Korea and the United States of America: Which is Superior? "The future belongs to the nation that best educates its citizens” stated President Barak Obama in early 2009 as he delivered a speech to fellow Americans on a new education plan in which he praised and applauded the Republic of South Korea’s education system (Quaid Paragraph 4). Obama expressed his aspiration to lengthen school hours and school days for students across the nation by stating that “if they can do that in South Korea, we can do it right here in the United States of America” (Quaid Paragraph 26). However, thousands of miles away in South Korea, citizens were flabbergasted. Individuals spoke up as cartoon artists for Chosun Ilbo voiced their opinions by illustrating two Korean students advising President Obama’s children to ignore everything their father has said about South Korea’s education system. Currently in the United States, approximately 25% of Americans do not graduate high school. While the remaining 75% do graduate with a diploma, on average 30% of them do not attend college (Cookson Paragraph 1). On the other hand, in South Korea a reported 93% of students fully graduated high school and more than half the students went on to college (Lynch Paragraph 3). PBS reported that in “… the world rankings of 15 year-olds released in November [2010], South Korean students scored second in reading while American...
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...Country Paper By Irwin Anderson BMGT 392 Professor Joseph Wade September 12, 2011 This country analysis is for the beginning of a new business venture in South Korea. The business is an English private school/ tutoring center that focuses mainly on learning the language of English. The nature of this business is to bring new alternatives to learning English in South Korea. The organizational structure of this business will be mostly staffed with qualified English teachers. The overall mission statement of this business is to bring the best possible level of English language education to South Korea. This analysis will bring about the relevance of different country variables to this new business opportunity. The country variables consist of cultural environment, political and legal environment, economic environment, ethical environment, trade, investment, and foreign policy profile. Cultural Environment The cultural environment is one of the first things to consider when opening up a business in another country. Daniels mentions, “Most cultural variables are universal. Every society, for example, has its own daily routines and rules, codes or social relations, language, and the show of emotions—even concepts of luck” (Daniel, 2011). Therefore, some sort of study of the culture should be done. The Journal of Management & Marketing Research states, “Since the entry mode is crucial for the success of a new business in the overseas...
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...PESTEE Analysis Korea Political Analysis Political factors refer to political situation of the country and the extent to which it may affect and interfere with the project. Political system of South Korea has undergone a huge transformation to become a democratic country in 1987. South Korea became a stable democracy with strong political and economic support from the US The political landscape of the country include centralization of power which the implementation of economic reforms became faster and effective so that the country was fully focused on economic development and friendly to foreign investments, especially strengthening foreign relationships with emphasis on EU. According to economic forecast, South Korea is to become the seventh largest economy in the world within next ten years. Though the fact the relationship with North Korea remain tense and uneasy, the government aims to solve this situation in better way. Since crisis in 1997, the government opened the South Korean market to foreign investors by identifying Foreign direct investment (FDI) and abolished the harmful regulations on foreigner shareholdings in domestic companies. The taxation system and particularly corporate tax in South Korea was simplified encouraged foreign investments. |Current strengths: |Current challenge |Future prospects | |Centralized power of attorney |Military violence still...
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...Country report South Korea – Electronic Yu Ming Lin Country Profile In February 1945 the end of World War II, Korean Peninsula divided into North and South Korea. South Korea also name Republic of Korea, 99,392 sq. km, has a population of almost 50 million, and has its capital at Seoul, the largest city in Korea. The second largest city is Busan, which is the country’s main port, has wonderful nature harbor beside the delta of Nakdong River. The major industrial prior 1948 was agriculture in Korea peninsula, South Korea was in a sever environment of economic. The war damage and the refugee from North Korea keep South Korea inflation and unemployment. Korea is full of mineral source, however, most minerals concentrated in the North such as gold, coal, ore, iron and graphite. There are some tungsten, amorphous graphite, coal, and iron in South Korea and the distribution percentage is North 80%~90% to South 10%. International trade Balance Of Payment The table above is the South Korea’s balance of payments account and this table can track the payments to and the receipts from other countries from 2006 to 2010. As we can see the current account surplus in all five years and it means that these five years South Korea exports more goods, services, and income than it imports. (Data from world databank) The Current Account In October 2011, South Korea’s current account surplus US4000 Million. South Korea’s growing economy relies on exports, and the most important exports...
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...Bringing Western Culture to South Korea via Nursing Home, Plastic Surgery, Clothing and Makeup Jacob Schwarz Executive Summary My reason for writing this study is to determine the feasibility of building a nursing/retirement home, a plastic surgery outpatient center, and a cosmetic and clothing store in Seoul, South Korea. In my opinion, South Korea is welcoming to this venture; this can be seen in the upcoming research. In this report, I explore the geography of Seoul, South Korea. I learn of the growing, large, population and the population density of 45,000 people per square mile (“Population Statistics,” 2013). Next, I review the demographics and find out that minority groups consist of 2.2% of the population (Population Statistics, 2013). While reviewing the demographics I found that the education system is extremely strict; though it is more lenient now, it is still success driven (Chakrabarti, 2013). I also found that religion is not going to be an issue with this venture, in my opinion. There are two major religions; the major Christian religion will be implemented in the venture (Koo, n.d.). Education and demographics are important to a global business venture, though I believe the economy is most important. I present information about South Korea’s economy, and how it has transformed from an aid recipient to a donor country (Globalization, n.d.). Here is where I mention the chaebol’s success, which accounted for 55.7% of South Koreas GDP in 2010 (Globalization...
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...PAPER ON COUNTRY THE REPUBLIC OF SOUTH KOREA In this research I will be describing data’s about Republic of South Korea, and discussing the conditions of early childhood education, the economy effects it has on children and families along with the issues of child and human rights violations, programs to support children with working families and other concepts that are there in South Korea. The Republic of South Koreais a small country on the far eastern edge of Asia. It is located in the southern part of the Korean peninsula. South Korea is surrounded by the Northwest Pacific Ocean around the western coast of Seoul, which is the capital of the country. The country faces japan across the East Sea and china across the yellow sea. To the north across the DMZ is NorthKorea.The country shares a border with North Korea. The Korean flag is called Taegeukgi.In the middle, there is a circle that has a red top and blue bottom. Then the top left is three straight lines, bottom left is two straight lines and two half lines between them, top right, is one straight line and four halves on both sides of the whole line, bottom right, six half lines with a white background. Its design symbolizes the principles of the yin and yang in Asian philosophy. The white background stands for the peace and purity of the Korean people. Ying and Yang is the red and blue circle in the center of the flag divided into two equal parts. Red represents positive and blue represents negative. Ying and yang...
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...relevance of information presented in the report, only the most recent available data was analyzed. The indicator analysis covers years 2006 through 2009. Effective evaluation of indicators requires the comparison of the three countries within the same time frame for each individual indicator. Geographical Scope: The report compares and contrasts the following countries: ➢ Brazil ➢ South Korea ➢ Poland Functional Scope: This report provides an insight into the international market screening process for Whole Foods. It outlines specific procedures that were undertaken in order to evaluate each prospective expansion destination and eliminate the two least viable options. In order for Whole Foods to deem a market successful, it must be able to achieve and sustain the following factors: • Provide the highest quality of natural and organic products available • Satisfy and delight customers • Build a supportive and winning team • Create wealth through profits and growth • Promote the health of stakeholders through healthy eating education Ensuring a successful market introduction required...
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...Walt Disney Studio -Entertainment, Disney-ABC Television Group, Disney Interactive -Increasing trends in overall revenues and profits -Disney holds US $ 62.497 billion of assets -Popular characters -High brand awareness among people -The Walt Disney logo is famous -Walt Disney was ranked 8th in Top 100 Global Brands 2.2 Disneyland’s Weakness - High operating cost -Frequent change in top management -The $1.8 Billion Park has only 16 attractions -Poor working conditions in factories that produce their merchandise -Large investment’s with high risk involved -Limited range of target audience mainly children, and mothers. 3.PESTEL analysis of South Korea Political Opportunity With the Government Policy of Foreign Investment, it encourages overseas firms to invest in South Korea. For example the Foreign Investment Promotion Act such as the political include “If any foreign investment over US$ 20 million is made in such tourism businesses as tourist hotels, floating hotels and international convention facility”. Also, the area can be designated as a Foreign Investment Zone. For the Foreign Currency Control, Which is include “controls in line with OECD benchmarks”,” invests under the terms of the Foreign Capital Promotion Act controls in line with OECD benchmarks, it permitted to remit a substantial portion of its profits, providing it submits an audited financial statement to its foreign exchange bank” and “Foreign companies not investing under...
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...Analysis of South Korea Market Strength 1. South Korea has a very high economic freedom. South Korea economic freedom score is 71.2 which makes its economy goes to the top 31st free economy in 2014. South Korea has improved on 0.9 point higher than last year due to their financial freedom and monetary freedom outweighing modest declines in business freedom, labor freedom, and fiscal freedom. South Korea is ranked 8th out of 42 countries in the Asia–Pacific region. 2. South Korea is moderately free of corruption. This makes South Korea a very clean place to conduct business where everything is fair towards the people which make it a very good place to conduct business if compare to country which has higher corruption rate. The Corruption Perception Index of South Korea is 5.60 out of 10; while countries in Asia score only 3.60 out of 10 and other all country corruption is 3.70 out of 10. This makes South Korea corruption level is lower than the other countries. It makes South Korea slightly better than the rest. Besides that, the Bribe Payer Index (BPI) of South Korea is quite high as it has score on 7.90 out of 10. This means that companies from South Korea are perceived as unlikely to engage bribery. 3. South Korea has a lot well educated labor which makes it easier to higher more labor to help them on their company. This is because South Korea has a very high education level. 4. The outbound travel market of South Korea is booming 5. Efficient in regulatory. In South Korea...
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...on Consumer Behavior in Luxury Consumption South Korea vs Netherlands By: Cindy Yoel Tanesia, Joline Boersma I. South Korea South Korea is a country located in the southern part of Korean peninsula. The population is 48,955,203 people (July 2013 est.) which make South Korea to be the 25th largest country in terms of population despite the relatively small area of the land. This paper will compare two cities in South Korea, Seoul and Busan, in terms of different in culture and how it affects the consumer behavior of the people living in the related cities. But, first of all, let’s see the general culture of people in South Korea: 1. Homogeneous There is a term of ‘hanminjok’ (한민족) in South Korea which literally means South Korean race. This term is used to describe that South Korean actually prefer to not mix their race with other races through international marriage because they afraid that they eventually will not have the pure Korean race anymore. However, the diplomatic relationship between USA and South Korea where USA helps South Korea for the military made USA military base established in some parts of South Korea actually opened the opportunity for more people from USA to come and stay in South Korea and eventually have their own family in South Korea which contributes to the increase in the international marriage in South Korea, especially in Seoul. 2. Importance of education Education plays important part for South Korean in almost every aspect. Approximately...
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...Gender Equality in South Korea Women and men share many physical characteristics and mental abilities, but why are men more valued than women even today in many cultures around the world? It has only been a few decades since women started gaining gender equality and power in selected parts of the world. South Korea, which is a very small country with a population of 49.78 million used to be one of the most gender-conservative country, preferring men over women for centuries. Despite this long history of male dominance, the biggest irony that shocked the world and the media recently was that the first female president was elected in South Korea on December 19th, 2012. Park Geun Hye, becoming the first female president, proved how much South Korea has changed over the past decades and one of the biggest reasons why this change and transformation was possible was due to the fast growing economy in South Korea. South Korea became one of the world’s fastest-growing economies from the early 1960s to the late 1990s. For a small country that was invaded and followed by a three decade long occupation by Japan, and then the Korean War (Korean civil war between North with USSR and China and South with NATO), South Korea was war-torn and impoverished for the first half of 20th century. However within a decade, South Koreans worked harder than ever before to create a successful country. South Korea and is now ranked 15th in the world by nominal GDP and ranked 12th by the purchasing...
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...South Korea has an impressive body of work regarding the introduction and the use of the home Internet service. The small country already claims the world’s fastest Internet connections and is by far, the fastest globally. My company intends to connect every home in the country to the Internet at one gigabit per second. That would be a tenfold increase from the already blazing national standard and more than 200 times as fast as the average household setup in the United States. The US, on the other hand, has a "closed network" system—it doesn't require ISPs to share their pipes, making it harder for other companies to enter the market. South Korea's network is more open, allowing for more competition, which drives speeds up and prices down. The country also has a super dense population, with some 1,200 people per square mile. Today, more than 80 percent of South Koreans are wired, and Seoul's been called the "bandwidth capital of the world." When we talk about Korea, we must first understand how the country began and the particulars of its culture. The family is the most important part of Korean life. In Confucian tradition, the father is the head of the family and it is his responsibility to provide food, clothing and shelter, and to approve of all of the marriages that occur within the family unit. The eldest son has special duties: his first duty is to his parents, followed by duty to his brothers, from older to younger, then to his sons, then to his wife, and lastly...
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...International Telecommunications Union. 2003. Broadband Korea: Internet Case Study. South Korea Available at: http://www.itu.int/ITUD/ict/cs/korea/material/CS_KOR.pdf Viewed on 12/10/06 National Internet Development Agency of Korea. 2006. Korea Internet Whitepaper. Seoul, South Korea, Available at: http://eng.mic.go.kr/eng/user.tdf?a=user.board.BoardApp&c=2001&board_id=E_04_03&mc=E_04_03_01&ctx=annual_report Viewed on 9/10/06 National Computerization Authority. 2001. 2001 Korea Internet White Paper. Available at: www.nca.or.kr/white/data/2002engwhite/review.pdf Viewed on 12/10/06 DTI / Brunel University. 2002. INVESTIGATING BROADBAND DEPLOYMENT IN SOUTH KOREA: Broadband Mission to South Korea. Available at: www.broadbanduk.org/reports/SKorea_report.pdf Viewed on 08/10/06 Yun, K., Lee, H., Lim, S., 2002. The Growth of Broadband Internet Connections in South Korea: Contributing Factors. Available at: www.iisdb.stanford.edu/pubs/20032/Yun.pdf Viewed on 09/10/06 Communicaid Global Communication. 2006. Doing Business in South Korea. Available at: http://www.communicaid.com/south-korea-business-culture.asp Viewed on 08/10/06 World Broadband Yearbook 2006. 2006. Country Overview: South Korea. Available at: www.telegeography.com/products/broadband_yearbook/pdf/wb06_skorea.pdf Viewed on 08/10/06 Ministry of Information and Communication (MIC) and National Computerization Agency (NCA), 2002. 2002 Korea Internet White Paper. Avaliable at: www.mic.go.kr Viewed...
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...from Finance for Australian Exporters, 2015 Additionally, the World Bank has also rated Japan 29th out of 189 economies in ease of doing business. Australia has a major foreign trade incentive with Japan as the free trade agreement between Australia and Japan which came into effect in January 2015 allows 97% of Australian exports preferential treatment or duty free access into Japanese markets (Export Credit Agency, 2015). Japans stable political environment and Australia’s positive relationship positions the country’s political risk as low. 3.2 Political Environment and Risk in South Korea According to World Bank, South Korea scores in the top 50% in all areas of governance, however it is not quite up to par with other advanced economies (refer to figure 2). The instability in North Korea does, however, pose the most significant circumstantial risk. Paired with the deterioration with South...
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... | Research Paper | | There are many different educational philosophies around the world that are much different than the ones American students receive. Education is often times highly related to the country’s politics, personal values, religious belief and social issues so it is more than just teaching young people in a right way. I came from South Korea which is not far from Japan. Since the Japanese education is renowned as one of the better educational system in the world, some part of education system in South Korea was benchmarked from Japanese. However, South Korea has risen as top educational country and I believe that this was only possible because of the influence that our politics and social values that we hold. According to the report in the New York Times, South Korea led in the international rankings in math and fourth-grade science while the United States was ranked in 11th and 9th respectively. Also 47% of eight graders reached the advanced math level while only 7% of American eight graders reached the advanced level. I believe that the lag between the countries come from how education is perceived by people in different countries. In Korea, kids are pushed to pick up foreign language and a music instrument at a very young age. There are many private kindergartens that offer extensive education that ranges from foreign languages, advanced math and science class which costs thousands of dollars per year. When they go into elementary school, most of them...
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