Legal and Ethics

There are many similarities between Korean and American legal system. For instance, Constitution of Korea which was established in 1948 was, in some part, influenced by the American legal system. Korean Constitution was amended several times through political upheavals. This is one of the reasons  students and lawyers nowadays are going to US to study.

The preceding discussion of Korean business ethics is full of negative examples and warnings that Koreans can be hard people to work with. Nevertheless, a lot of foreign companies working in Korea have been extraordinarily successful. In general, the business environment in Korea is good. Of the newly industrialized countries of the Far East, Korea has the cheapest wages, well-educated work force and a burning national desire to progress. A well-prepared foreign business with open-minded personnel and high-demand products or services is likely to succeed in Korea.