South Korea:

Tip 1
Companies tend to be strictly hierarchical with major decisions being taken at the top and delegated down for implementation.
Tip 2
Many of the large conglomerates (chaebols) are family run companies where much of the power and ownership resides with the founder's family.
Tip 3
Confucian ethics dominate Korean thought patterns and this translates in business terms into great respect for authority, age and seniority.
Tip 4
As well as formal functional hierarchy, many Korean companies have a strong informal hierarchy, which is based upon personal relationships and loyalties.
Tip 5
Confucian respect for authority dictates that managers will be respected simply because they are the manager.
Tip 6
Korean managers are expected to take a holistic interest in the well being of their staff - and this includes an interest in their personal life.
Tip 7
Initial contacts with Korea can amount to little more than preliminary, polite skirmishes, which are designed to commence the all-important process of relationship building.
Tip 8
The quality of relationship is of primary significance when working with Koreans. Do not jeopardise a relationship through impatience or making a key contact lose face.
Tip 9
Always show respect to senior people. Your trustworthiness and standing will, in part, be judged by your ability to create the right type of harmonious atmosphere.
Tip 10
Balance out the seniority of the two delegations. Senior people should be met by people of similar rank and standing.