All the parts of the Korean culture have a great influences on the manner business is done in the state. Although there exist other cultural issues, these are the most crucial ones, as they affect business practice in Korea. Korea has a unique culture that includes Kibun, Inhwa, and Confucianism, the power of distance/hierarchy, collectivism, business etiquette and relationships in the commercial activity (Lee, 2012). Hence, these distinctions occur due to Korean culture, which is different from other nations. The reason for the problems is the Korean corporate practices, behaviors, and expectations. Today, foreign organizations are seeking cooperation with Korean firms, though they face challenges when handling daily business transactions. Korean companies are major business players in the global market due to their impressive performance. Global Business Cultural Analysis: South Korea
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