Comparison Of Chaebols In The South Korean Business Culture

For starters, many chaebols rely upon one another for resources and are essential for the continued growth of the South Korean economy. This is one of the similarities to some of the businesses here in the United States. As a smart business owner, you want to get the most that you can out of your business so many business owners’ help one another achieve this. By two companies business helping each other, it generally results in cheaper costs, or just increases relations at the very least for future business needs. It depends on the circumstances as well as the businesses involved, however it usually is strictly a positive interaction just as it is in South Korea, or anywhere else you’d encounter this interaction.
You can look at it from a more basic approach, which is structure. This is both the same and yet very different. In the most basic sense it’s pretty similar, and I say this because the structure of business can only vary so much. For every business or conglomerate or chaebol or whatever you want to call them, they need a guy in charge, employees, and products to make and distribute to earn money. This is the basic idea of business and both the South Korean chaebols and the U.S. conglomerates share this idea. However, if you …show more content…
The person of the highest position in the company is expected to receive the utmost respect and their requests are the top priority before any other aspects of business. Employees are to help him or her in any way he or she needs. Another common practice of Korean workers is to offer a drink whenever others visit their office. It’s seen as impolite to reject this offer, so just accept it. Another way of showing appreciation is gift giving. Gifts are often given out on special Korean Holidays such as the Lunar New Year and Chusok. Like many other traditions in Korea, you are expected to give a reciprocal