NORTH KOREA

Manga Soujanya.Kodey Roll No: 6

people say foreign investment

Increase in GDP foreign investment unrestricted flows of goods and services less unemployment
Inhuman labor practices exploitative working conditions & low wages Globalization - North Korea - extreme case.

Globalization or not..
In 1953, at the end of Korean War, both nations were equally poor, third world dictatorships. What happened afterwards? South Korea chose the road of industrialization, with cheap labor workforces to attract investment from foreign companies. By 1987, dictatorship was gone - due to the positive influence of globalization. Economics rapidly improved; educations, standard of livings gradually turned to a fresh page. North Korea went the opposite direction with its isolation and selfdependence policies. Since then, its citizens have been suffering from extreme shortage of powers, manufactured goods, prolonged malnutrition and poor living conditions.

 North Korea is the most isolated and least globalized country in the world Absolute rejection of foreign investment and discouragement of foreigner visits. North Korea has always been recognized as a secretive nation that chooses to isolate itself from the rest of the world. citizens - aware that the government is violating their human rights, but they refuse to speak up in fear of being severely punished. Due to the secretive identity of the country, even if a group were to rebel against the dictatorship, the news would not be leaked past the North Korean media.

 Massive economic inefficiency & extremely political corruption - huge issue.

Looking at the factbook, South Korea has a GDP per capita of $30,200 (45th in the world) while North Korea settles for $1,800 (195th in the world) in 2011.

Without globalization, the issue of human rights in North Korea is extremely difficult to assess due to the secretive and closed nature of the country .
The closet to globalization they have come to is exporting military arms, weapons, drugs and human trafficking.

Business Etiquette

Eating and Dining

*bow* = Hello
Dont pour your own drink, but offer to pour others' drinks. If you deny to pour for someone, if will be offensive. Women pour only men's drinks, and never another woman's drink. A woman can pour her own drink though. If you want a refill, drink all of your drink, otherwise, dont drink all of your drink. Wherever you see a "No Tipping" sign, dont tip. Koreans find that if you tip, then it will be offensive.

 Always agree to your host to seat you. The seat of honor is the seat looking at the front door, and if you are seated there, it is polite to protest slightly. It is polite to pass or accept food or drink with your right hand while your left hand supports your forearm/wrist.

The person who invites pays the bill for everyone. However, it is polite to offer to pay. When two people are dining, usually the younger person pays for the older person.
After dinner, the host may invite his guests to go drinking. Don't refuse this invitation.

Body Language
Never touch, pat, or backslap a Korean that is not your relative/close friend. Always pass and accept things with your right hand, with your left hand supporting the wrist. To beckon someone, extend your arm palm down, and move your fingers in a scratching motion. Never point with your index finger.

Everyday living:
When entering a Korean home, remove your shoes.

Gift Giving
It is the most important part of their culture - so have gifts wherever you go. If you are the one accepting the gift, refuse a couple of times, before agreeing to have it, and if you dont agree to take the gift, they will be very insulted. shaking hands or getting a gift from an elder, use two hands. Never give expensive gifts (they will give you a gift about the same amount of money you spend on the gift you gave them), scissors and knives, a gift wrapped in red, or red writing on the gift. They prefer bright colored wrapping paper on the gift.

Business
Avoid direct eye contact between junior and senior business people. Call if your late, and if you wait for thirty minutes, it is not a sign of disrespect, but how pressured the Korean people are with time. Whenever meeting another professional for the first time, exchange business cards (dont forget, both hands!) The first meeting is to know if they are trustworthy, so business is not discussed. Be formal in meeting until the Koreans trust you. A low deep bow from Koreans means the meeting was successful, but a short, quick bow, means it was not.

Greeting
When greeting (and saying bye to) an elder, keep both legs straight and together, put both arms stiffly by your side, keep your back straight, and bend from the waist. Keep the head down and do not look at the elder. While bowing, say, an nyung hah sae yo.

Bow not too fast or slow.

Ist time meeting the person, give a detailed introduction.

Koreans avoid saying no, so yes, may not mean, yes.

You shouldnt squeeze hard when shaking hands.

Never talk about Korean culture, even if it is complimentary to a Korean.