business relationship in korea

Business meeting
In the business meeting punctuality is very essential for Koreans. Korean thinks it very respectful to arrive on time.
Korean top level business executive can arrive a few mints later to the appointment because they are extremely busy persons
In Korea contracts are the starting point rather than the final stage of the business and some Korean has legal implications regarding the signing of contracts
The exchange of business card is very important in Korea. It is prefer to have your title , rank and authority clearly on the cards and also like Chinese you should present card with both hands
Organizational hierarchy and authority
Korean are known for their vertical structure base on the age and rank and social status. In any meeting arrangement of Korean companies are high centralized with authority and social level
High ranks has more power over subordinate, decision making, and approvals than the west
Gift giving in Korea
Gift giving in Korea is a common practice . it is generally given in first business meetings to built relationship and gift should be present and accept with both hands.
Business lunch with Korean
In Korea lunch is eaten during the business hour because Korean are group oriented culture that’s why they eat lunch together either in a restaurant or deliver to work place. Eating together some time built group spirit .the Company or senior managers in a group often pay the bill of lunch