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12659. BUSINESS AND ECONOMIC CONDITIONS IN SOUTH KOREA. This paper provides an overview and analysis of doing business in South Korea (Republic of Korea) from the perspective of the US foreign direct investor and with special consideration to the 1998 Korean economic crisis and its implications for the US investor. Following an overview of the 1998 financial debacle (and its place in the larger Asian financial crisis of 1997-1999) and the $57 billion IMF bailout, the investigation profiles the basic parameters of establishing a foreign business in South Korea, including an overview of Korean accounting practices and principles; an outline of the steps towards organizing an investment; a description of international capital markets; and an analysis of some of the key cultural and logistical aspects of doing business in Korea. The investigation then reviews economic conditions in Korea and analyzes major economic sectors. A concluding section provides an overview of multinational corporations and major foreign direct investment in South Korea. KEYWORDS: south korea economy investment climate asian economic crisis mncs korean business. 28 pages, 59 footnotes, 31 bibliographic sources.   $133


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