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NORTH KOREA

Manga Soujanya.Kodey

Roll No: 6

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people say foreign investment

Increase in GDP

foreign investment

unrestricted flows of goods and servicesless unemployment

Inhuman labor practices

exploitative working conditions &low wages

Globalization - North Korea - extreme case.

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Globalization or not..

In 1953, at the end of Korean War, both nations were equally poor, thirdworld dictatorships.

What happened afterwards?

South Korea chose the road of industrialization, with cheap laborworkforces to attract investment from foreign companies.

By 1987, dictatorship was gone - due to the positive influence ofglobalization.

Economics rapidly improved; educations, standard of livings gradually

turned to a fresh page. North Korea went the opposite direction with its isolation and self-

dependence policies.

Since then, its citizens have been suffering from extreme shortage ofpowers, manufactured goods, prolonged malnutrition and poor living

conditions.

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North Korea is the most isolated and least globalized country in theworld

Absolute rejection of foreign investment and discouragement offoreigner visits.

North Korea has always been recognized as a secretive nation that

chooses to isolate itself from the rest of the world.

citizens - aware that the government is violating their human rights,but they refuse to speak up in fear of being severely punished.

Due to the secretive identity of the country, even if a group were torebel against the dictatorship, the news would not be leaked past theNorth Korean media.

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Massive economic inefficiency &extremely political corruption - hugeissue.

Looking at the factbook, South Korea hasa GDP per capita of $30,200 (45th in theworld) while North Korea settles for$1,800 (195th in the world) in 2011.

Without globalization, the issue of humanrights in North Korea is extremelydifficult to assess due to the secretive andclosed nature of the country .

The closet to globalization they have cometo is exporting military arms, weapons,drugs and human trafficking.

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Business Etiquette

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Eating and Dining

*bow* = Hello

Dont pour your own drink, but offer to pour others' drinks. If

you deny to pour for someone, if will be offensive.

Women pour only men's drinks, and never another woman'sdrink. A woman can pour her own drink though.

If you want a refill, drink all of your drink, otherwise, dontdrink all of your drink.

Wherever you see a "No Tipping" sign, dont tip. Koreans findthat if you tip, then it will be offensive.

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Always agree to your host to seat you. The seat of honor is the seat

looking at the front door, and if you are seated there, it is polite to

protest slightly.

It is polite to pass or accept food or drink with your right hand

while your left hand supports your forearm/wrist.

The person who invites pays the bill for everyone. However, it is

polite to offer to pay. When two people are dining, usually the

younger person pays for the older person.

After dinner, the host may invite his guests to go drinking. Don't

refuse this invitation.

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Body Language

Never touch, pat, or backslap

a Korean that is not your relative/close friend.

Always pass and accept things with your right hand, with your left

hand supporting the wrist.

To beckon someone, extend your arm palm down, and move yourfingers in a scratching motion.

Never point with your index finger.

Everyday living:

When entering a Korean home, remove your shoes.

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Gift Giving

It is the most important part of their culture

- so have gifts wherever you go.

If you are the one accepting the gift, refuse a couple of times, before agreeing

to have it, and if you dont agree to take the gift, they will be very insulted.

shaking hands or getting a gift from an elder, use two hands.

Never give expensive gifts (they will give you a gift about the same amount of

money you spend on the gift you gave them), scissors and knives, a gift

wrapped in red, or red writing on the gift.

They prefer bright colored wrapping paper on the gift.

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Business Avoid direct eye contact between junior and senior business people.

Call if your late, and if you wait for thirty minutes, it is not a sign of disrespect, but

how pressured the Korean people are with time.

Whenever meeting another professional for the first time, exchange businesscards (dont forget, both hands!)

The first meeting is to know if they are trustworthy, so business is not discussed.

Be formal in meeting until the Koreans trust you.

A low deep bow from Koreans means

the meeting was successful,

but a short, quick bow, means it was not.

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Greeting

When greeting (and saying bye to) an elder, keep both legs straight and

together, put both arms stiffly by your side, keep your back straight, and bend

from the waist. Keep the head down and do not look at the elder.

While bowing, say, an nyung hah sae yo.

Bow not too fast or slow.

Ist time meeting the person, give a detailed introduction.

Koreans avoid saying no, so yes, may not mean, yes.

You shouldnt squeeze hard when shaking hands.

Never talk about Korean culture, even if it is complimentary to a Korean.

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