Conducting business

Business card ethics

Business cards is a must in South Korea when you do business. While giving out or receiving a business card, do it with both hands, and read it before keeping it away into a business card holder to show appreciation, shoving the cards into your pocket immediately after receiving them is strongly prohibited.

Gift Giving Etiquette

Giving gifts is an essential part in conducting business in South Korea. Gifts are given in order to secure a more closer and friendly relationship. Bringing presents from a native country would be a excellent exampe as a token of appreciation to the partner.

Besides, office items are best for first visits,then try bringing items of beauty or craftsmanship after that. Overly priced presents are not suggested because your partner would have to get a present that has a equal value to yours in order to compete for the present's value.

Lastly, gifts are usually not opened immediately in front of others, unless the giver insists you to do so.

Meetings

You’ll have to make meetings in advance while doing business in South Korea. The most convenient times for doing business are between 10:00 a.m. to 12:00 p.m. and 2:00 p.m. to 4:00 p.m. Try your best to avoid public holidays such as the Lunar New Year or the Moon Festival.

In additon to that, being punctual on time is essential in South Korea. However, if your client shows up late at meeting be sure not to show negative feelings.

Before focusing in business, a good relationship is prior to a healthy business relationship in Korea. A 1st meeting should always be focused on building relationship instead of focusing on business matters.

Here are the etiquette when going to company dinners