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.

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The easiest way to pay your suppliers in South Korea