How to do business in South Korea
Sourcing products from South Korea is a great opportunity for US small businesses to get excellent quality goods for a reasonable price.
Since the value of the South Korean currency (won) is usually well below the US dollar, getting your supplies from South Korea can cut your costs.
The economy of South Korea is largely export-oriented. The US is South Korea’s second biggest export partner with most large US companies looking for vehicles, machinery, pharmaceuticals and mineral fuels.
For many people, South Korea means high-tech goods and services. Just an example: South Korea boasts the fastest average internet connection in the world, and it’s the most connected nation on the planet.
The ultimate guide to doing business in South Korea
The WON
Great currency for US imports.
Language
Do you need to speak Korean to find a supplier?
Cell phones
Use your own or rent one?
Business culture
Up close and personal.
The easiest way to pay your suppliers in South Korea
It’s a global phenomenon: Veem makes it simple to pay – and get paid – by connecting businesses to verified buyers and suppliers in 100 countries around the world.
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