Country Notebook Essay
This research paper will be an in-depth analysis of South Korea and understanding effect on market. The paper will cover descriptions of the country and the financial conditions which are relevant for conducting this research. Concluding the paper we will have a recommendation as to whether or not it will be advisable for a Medical Products, Inc. to engage in South Korean Market.
Medical Products, Inc. (MPI) is a U.S. firm founded in 1998 by a small group of medical and scientific research professionals. The firm is unusual in that its product line is aimed at two specific but unrelated markets: prenatal and postnatal care and geriatric medicine. The firm is now trying to export the …show more content…
* Primary Education
The education system in South Korea consists of six-year elementary schools, three-year middle schools, three-year high schools, and four-year colleges and universities, which also offer graduate courses leading to doctoral degrees. There are also two- to three-year junior colleges and vocational colleges. Elementary schooling is compulsory, with an enrollment rate of 100 percent. Compulsory middle school education for three additional years was implemented in 2002.
* Secondary education
According to APEC website, there are two types of high schools in South Korea, general and vocational. Combining the two types of high schools together, the ratio of middle school graduates advancing to high school was 99.7 in 2008. In 2008, the ratio of high school graduates who advanced to institutions of higher learning was 88 percent for general high schools and 73 percent for vocational high schools.
Applicants for vocational high schools (covering agriculture, engineering, business and maritime studies) have a choice of schools and are admitted through examinations administered by each school. The curriculum at vocational high schools is usually 40-60 percent general courses with the remainder consisting of vocational courses. As of 2008, there were 697 vocational high schools with 487,492 students