7 Brutal Truths That Turned Me from Korean Business Outsider to Insider
7 thuths about Korea and how you can do business in Korea being foreigner
5/8/20242 min leer
Sixteen years ago, I stepped off the plane in Seoul, armed with a Western business playbook and a head full of ambition. Today, I’m here to tell you why that playbook isn’t worth the paper it’s printed on. Buckle up, aspiring Asian market conquerors. This is the no-holds-barred guide to Korean business success I wish I’d had on day one.
1. The Invisible Chess Game
In Korea, business isn’t checkers, it’s 3D chess.
Mastering “nunchi” isn’t just about reading the room. It’s about predicting the next five moves in a game you can’t even see. Miss this, and you’ll be checkmated before you even realize you’re playing.
I learned the hard way that in Korean business, what’s unsaid is often more important than what’s spoken aloud.
2. The Tortoise Strategy in a Hare’s Market
Sometimes, the fastest way to succeed is to slow down.
Forget everything you know about hitting the ground running. In Korea, sprinting from day one is a surefire way to trip over your own feet. I spent my first year building relationships, not chasing sales.
The result? By year two, deals start to come in more naturally
3. The “Ppalli-Ppalli” Paradox
In the land of “hurry-hurry,” patience is your secret weapon.
Korea moves at breakneck speed, but success often comes to those who know when to pump the brakes. I learned to slow down in crucial moments, ensuring all stakeholders were on board.
In the “ppalli-ppalli” culture, sometimes slowing down is the real speed hack.
4. Navigating the Corporate Labyrinth
Hierarchy in Korea isn’t a ladder , it’s a maze.
In the West, we climb. In Korea, we navigate. Understanding the intricate web of corporate hierarchies isn’t just helpful. it’s survival. I mapped out every organization like my business life depended on it.
Because guess what? It did.
5. The Liver-Training Regimen
More deals are closed over soju than in meeting rooms.
Think of Korean business drinking as an extreme sport. It requires training, strategy, and knowing your limits.
Ignore this aspect, and you’re not just missing opportunities, you’re insulting your future partners. If you can’t drink, find a partner who can be your drinking knight
6. The Power of Silence
In Korea, silence isn’t awkward, it’s a superpower.
Westerners fill silences. Koreans use them. Learning when to zip my lips and supercharge my ears tripled my closing rate. In the land of the morning calm, calm is your greatest asset.
7.The Multilingual Mindset
“English is enough,” said no successful Korean businessperson ever.
If I could start over, I’d be fluent in Korean faster than you can say “market penetration.” Speaking the language isn’t just about communication, it’s about commitment.
It’s your golden ticket to the inner circle.
Conclusion: The Art of the Cultural Chameleon
In Korea, blending in isn’t boring, it’s brilliant.
Here’s the ultimate truth: success in Korea isn’t about standing out, it’s about fitting in so well they forget you’re foreign. As a Spanish woman in the Korean meat industry, I learned that adapting isn’t losing your identity but your key to unlocking an entire market.
Ready to rewrite your Korean business playbook? Remember, in this market, the goal isn’t to disrupt but to integrate. Master these lessons, and you won’t just survive in the Korean market. You’ll thrive.
And if you’re ready to dive deeper into the world of Korean business, follow me for more insider insights and strategies.
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