Context is everything. To really understand Korean business culture, you also need to understand parts of Korean history, economy and typical Korean social concepts.  Below are the key points summarized: This blog posts consists of the following parts: Statistics Source: https://worldmetrics.org/work-in-south-korea-statistics/ History: Miracle of the Han River After the devastating Japanese occupation and Korean War, …

Naver is the most used website / app in South Korea, according to both SimilarWeb and Alexa. Naver is mostly known for its search engine, but it is actually more a portal (like Yahoo!) and also developed other apps like Band (social media) and Line (messaging). Some of its more well known services are: Blog, Cafe …

What is Naver maps & Kakao maps? Naver maps is an online application launched as a subsidiary company by the Naver corporation in the early 2000’s. Naver acts as the main search engine used in South Korea, which results in the use of Naver maps almost equaling that of the 42 million users of the …

Use Naver Map in English Download the app: Open the app Tap the icon on the top left Tap the gear icon  Tap “한국어” Tap English Tap 확인 Naver Map is now in English Use KakaoMap in English Download the app: Open the app Tap the icon on the top left: Tap the gear icon …

Every year South Korea becomes more and more modern, but it is important to recognize as a foreigner possibly coming to work in Korea for the first time that modern does not equal Western. Koreans will not expect you to be a full expert on their culture, but they will appreciate a show of interest …

How are business negotiations done in Korea? And how are they different from China, Japan or the USA? How to conduct yourself during meetings to maximize value? We read 5 (scientific and practical) studies about business negotiations in Korea. Below you can first find the 9 key points and below that a more elaborate summary …

If you are new to the Korean market, you probably are very interested in how to set up the right marketing strategy for your company. You may be interested in Korean customers’ behaviors, marketing platforms, and Korean advertising style. In this blog post, we will help you to get a sense of the Korean market …

Want to reach South Korean consumers digitally? In Korea, digital is the majority (54%) of advertising in Korea. In 2021, Korean digital advertising had the most revenue with 7.5 trillion won (5.9 billion USD). The total advertising revenue in Korea (Asia’s fourth-largest economy) was 13.99 trillion won (about $11.7 billion), up 20.4 percent from 2020. …

Korean ad market Want to advertise in Korea? In 2021 the total advertising revenue in Korea (Asia’s fourth-largest economy) was 13.99 trillion won (about $11.7 billion), up 20.4 percent from 2020.  In 2021, Korean digital advertising had the most revenue with 7.5 trillion won (5.9 billion USD). The division is as follows: Source: http://www.brandbrief.co.kr/news/articleView.html?idxno=5024  The …

Korea is one of the few countries (like China and Russia) where Google is not the largest search engine. Advertising on it can greatly help your organization reach its goals. But why should you do any advertising? There is scientific evidence that advertising will increase your revenue, profit and market capitalization. The empirical results support …