A division of Soft Landing Korea Ltd.
Second of a two-part review of the basic principles of successfully forming a JV with a Korean company in Korea, including ten pieces of practical advice from an experienced joint venture foreign executive.
Many Korean companies are willing to partner for all of the wrong reasons. And this may be said for a like number of foreign firms. However, there are some concrete ways to find the right Korean partner enterprise for your company.
Foreigners are often puzzled as to why business in Korea can take as much time as it does or why there are delays caused by demands for additional information or why a negotiated price is still not finalized. Part of the answer can be found in the plight of the one or more managers and executives whose career is on the line come each January.