Legal Business Practices in the United States and Korea Essay examples

Legal Business Practices in the United States and Korea Essay examples

Length: 1465 words (4.2 double-spaced pages)

Rating: Powerful Essays

Open Document

Essay Preview

The purpose of this paper is to describe business practice in detail and provide a comparison of South Korea with that of the United States in regard to business practices. The researcher will define ethical and legal business practice as well as unethical and illegal business practices. Furthermore, the researcher will identify business practices that are considered illegal and unethical in the United States and address why these same practices are considered legal and ethical in South Korea. Finally, the researcher will provide a course of actions to deal with the difference in ethical and legal practices when transacting business with a country that has different standards.
Describe Business Practice
According to Chang, C., Chang, A., and Freese (2001) gifts and bribes are distinctly separate and while gifts are ethical, bribes are considered unethical and illegal. In some cultures particularly South Korea business practice such as the concepts of gifts and bribes are not distinctly separate. The problem is that gift giving can overlap into bribery which is both ethical and unethical at the same time (Chang, C., Chang, A., & Freese, 2001).
Chang, C., Chang, A., and Freese (2001) states gift giving in South Korea is defined as behavior based on social norms for congratulation, gratitude, condolence, attention, and reciprocity. Gift giving is one of the most important practices in South Korea and a person business may be in jeopardy if the individual fails to send a gift. Although a gray area exist between gifts and bribes South Koreans did not miss an opportunity to give gifts especially to prominent figures in hopes of obtaining a favor in the future. Furthermore, South Koreans both the giver and re...

... middle of paper ...
LawyerShop. (2012). Bribery. Retrieved from
Lee, C. & Yoshihara, H. (1997). Business ethics of Korean and Japanese managers. Journal of
Business Ethics, 16(1), 7-21. Retrieved from edu/docview/198089772?accountid=34899
Merriam Webster. (2012). Illegal. Retrieved from
Sims, R. (1992). The challenge of ethical behavior in organizations. Journal of Business Ethics,
11(7), 505-513. Retrieved from 198178754?accountid=34899
Zarka, H. (2007). Ethical and unethical business practices. Retrieved from http://voices.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay on Dunkin’ Donuts in South Korea

- POLITICAL AND ECONOMIC ISSUES AND RESOLUTIONS South Korea has a strong $1-trillion economy; it is the third largest market in Asia, behind Japan and China. It also has the 13th largest economy in the world. It is expected that the economy’s current upward trajectory will continue for some time to come. This makes South Korea an attractive market for foreign investment, especially as the world economy, as a whole, continues to improve. Dunkin’ Brands, Inc., a global player in the fast food business, while targeting Asia for its global expansion, concluded that South Korea’s economy was stronger than those of other Asian countries....   [tags: political and economic issues, market]

Powerful Essays
620 words (1.8 pages)

Asian Business Essay examples

- 1. “To get rich and glorious” quote was said by Deng Xiao Ping, member of the communist party in China. They got richer, faster than any people ever had. The economy is now 10 times larger than it was then; it grew 300% just in the last 10 years. Incomes rose every year. People in China are becoming millionaires there than anywhere else on earth (Time Asia.) 2. Techno-nationalism is expressive and strict categories for understanding the impact of technology on society and vice versa. They reflect the fundamental assumptions made by analysts of the place of technology in the world, and denote ideologies, rather than technological policies or realities....   [tags: Asian Business]

Powerful Essays
1838 words (5.3 pages)

The Immigration Of The United States Essay

- Immigrants in the US: Who are They and How Well are They Doing. (H1) Understanding the Immigrant Population in the US (H2) As a member of the American Immigration Lawyers Association and NYC based firm, we take pride in helping our clients achieve their immigration goals. What you Should Know About Immigrants in the US (H3) The United States of America is now home of immigrants from the most diverse backgrounds. They come to the country for plenty of reasons, some looking for safer living conditions, for financial opportunities, business stability or to escape violence from their home countries....   [tags: Immigration to the United States, Immigration]

Powerful Essays
1611 words (4.6 pages)

Business Plan For A Business Company Essay

- Santander is retail banking financial which was founded in 1857. It is centered in Santander Spain as the name suggests. It has its operations carried in Euro zone widely by its market share and it is known as one of the largest banks in the world for market capitalization. The company has expanded through various acquisitions in 2000. There is a drastic change in the formation of the rules and regulations by the company from acquisitions and merger. Banco Santander had a merger with Banco Central and Banco Hispanoamericano in 1999 thus, considering both the entities equally it is known as Banco Santander Central Hispanoamericano or BSCH....   [tags: Bank, Economics, Corporation, Grupo Santander]

Powerful Essays
1399 words (4 pages)

Essay on Court Jurisdiction and Enforcement

- Conducting a business on a global scale presents as many profit opportunities as it does risks. The types of risks characterizing international business transactions lurk in the economic, social, political, technological, cultural, environmental, and legal environments (Hatchondo & Martinez, 2011 & Hill, 2011). Before expanding into the global market, therefore, companies should conduct an environmental scan to understand the imminence of the risks they would be exposed to and subsequently formulate a response strategy....   [tags: Legal Risks, Business Strategy]

Powerful Essays
1443 words (4.1 pages)

Essay on Kin Jong Un : An Insane Asylum

- About the Author ____________________________________________________________ Kin Jong-Un was born in an insane asylum in Ordos, China on September 11, 1969. In his early childhood, he was adopted and raised by lesbian parents. Living under a communist nation, Kin ran away to little village somewhere in Eastern China. There, he met Mr. Miyagi and was introduced into Kung-Fu. Fast forwarding until he was about 8 years old, he was put in a national tournament to fight and earn glory for their territory, Kin’s being his little unknown village....   [tags: People's Republic of China, North Korea]

Powerful Essays
1883 words (5.4 pages)

Essay about United States Border Problem

- How complicated can it be to secure the borderland. Nearly 2,000 miles and five states form the Southern border of the United States. Although the nation puts a lot of effort and resources on trying to secure the border, the Southern border remains as one of the most conflictive, active and violent borders in the world. The U.S.-Mexican border is very problematic: Thousands of people try to cross it everyday, violence is generated by the Mexican cartels, and there is an increase on human trafficking....   [tags: illegal immigration]

Powerful Essays
614 words (1.8 pages)

The United Nations and Its Efforts to Maintaining Peace in the World Essay

- ... Its main functions are to raise the standard of life, eliminate unemployment, develop the state economically, to protect the fundamental rights with no discrimination of any sort and to promote cooperation in cultural and educational fields. To achieve these purposes they have international conferences where they appoint commissions. 3. International Court of Justice The International Court of Justice, located at Hague in Netherlands, consists of 15 judges elected by the general assembly and Security Council for 9 years on merit basis....   [tags: independent states, peace and security]

Powerful Essays
1579 words (4.5 pages)

Doing Business in Korea Essay

- Korea is a homogenous country, speaking one language, with a large sense of pride in their nation and ancestors. The Korean culture is very foreign from that of Western society. Korea’s business culture is difficult for Americans to decipher. There are websites such as Korea4expats, koreanzbc, and even studies at universities such as Miami have done studies on these significant differences in business culture. American businesses biggest opportunity with Korea businesses is shifting away from their direct approach and understanding Korea’s underlying tones and nonverbal behaviors (Korea4expats, 2012)....   [tags: Culture, Business]

Powerful Essays
1619 words (4.6 pages)

On Korea Essay

- On Korea Throughout most of its history, Korea has existed as one country with a rich culture and history. Then in the 1940's, Korea was controlled by Japan. World War II broke out, and the Allies defeated the Axis powers. The country of Korea was divided into two parts -- the north and the south. The north was occupied by communist Russian forces and the south by American troops. The dividing line was the 38th parallel(see map). In 1950, a civil war began between the two Koreas, further separating them....   [tags: South North Korea Essays]

Powerful Essays
1466 words (4.2 pages)