South Korea Training Materials

1.) The current status of the life science sector in South Korea:

Overview of the pharma and biotech sectors, life science hotspots in South Korea,
the healthcare system and regulatory affairs.

eLSi Expert Interview
Market overview, trends, public support - Hear it from an expert (VIDEO, 7 min) YouTube

Life science regions in South Kore

Bio-Cluster Community in South Korea (MAP)
Take a look at the geographic hotspots of biotech in South Korea.

Life science regions in South Korea
An map of Life Science regions in South Korea can be found here.


Biotechnology in Korea - Ministry of Science - 2013 (Report)
60 pages report from 2013 that gives the whole picture of the biotech industry, government incentives, structuration of the country (cluster location…) and provides a list of companies, research organisations involved in Life Sciences.

Korea Manufacturing Association
Resourceful website about the industry including figures on the market trends.

Information and further reading:

Invest in KoreA

Biotechnology in Korea

Intellectual Property and Patent Protection in South Korea   

Information and further reading:

IP rights in the Republic of Korea - PatentOffice - 2013 (Guide)
12 pages guide covering the main aspects of protecting intellectual property in South Korea.

KIPO
Any further information can be found on the Korean Intellectual Property Office (KIPO) website which has a detailed description of the application process.

 

 

2.) Life Science business culture and negotiation process in South Korea

eLSi Expert Interviews

Business culture: relationship building - Hear it from an expert (VIDEO, 2 min) Youtube
    
Negotiation techniques: be prepared for haggling - Hear it from an expert (VIDEO, 1 min) YouTube
 
Negotiation techniques: decision processes - Hear it from an expert (VIDEO, 1 min) Youtube


Information and further reading:
    
Appointment and Deals - ExecutivePlanet - 2013 (Document)
A cultural summary on how to go through the negotiation process in South Korea.

Main Business Culture Aspects - WorldBusinessCulture - 2013 (Document)
This covers all the business aspects: business structure, management style, team work, women in business ...
    
More culture resources   

 

 

3.) Business etiquette in South Korea - Do's & Dont's

eLSi Expert Interviews
    
South Korean are working 24/7 - Hear it from an expert (VIDEO, 1 min) Youtube

Communication etiquette - Hear it from an expert (VIDEO, 1 min) Youtube

Greeting etiquette: business cards - Hear it from an expert (VIDEO, 1 min) YouTube

Punctuality - Hear it from an expert (VIDEO, 1 min) YouTube

Dress code - Hear it from an expert (VIDEO, 1 min) YouTube

Entertainment options, relationship building - Hear it from an expert (VIDEO, 1 min) YouTube

     

Information and further reading:
    
Business Etiquette - ExecutivePlanet - 2013 (Document)
Summarises general behaviour to adopt when conducting business in South Korea (dress code, gifts, entertaining...)

 

 

4.) Starting your business in South Korea

eLSi Expert Interviews

Starting your business: mediator to enter the market - Hear it from an expert (VIDEO, 1 min) YouTube

Information and further reading:

South Korea business guide - UKTI - 2013 (Guide)
Very exhaustive report (77 pages) on everything to know when considering South Korean business opportunities

    -      Market research and market entry p1 – p34  

    -      Creating a company, recruiting p35 – p37

    -      Regulation, taxes, quality control p52 – p64

    -      Business etiquette p45 – p50

    -      South Korean culture p66 – p77

    -      Language p38

World Services Group
This Website gathers all the macro economics data which could be useful to set up a business in South Korea.

Doing business
This page describes absolutely all the steps in details to run through in order to set-up a business in South Korea. It also gives information on the time and costs associated with each step.

 

5.) Language - basics & tips

Basic language facts

eLSi Expert Interviews

Audio material X

Korean sentences
See p 38 of the ‘UK South Korea Guide’.

QUIZ on the Life Science Industry in South Korea X

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