While some graduates turn to the conventional road of getting a secure job and settling down for good, there are others who have more adventurous plans in mind.
These are the people who want to be their own masters of career, financial success and ultimately, life.
They choose the road to entrepreneurship, biding their time until they can set up their own business in the future.
If you too have the fire in you to venture out independently, you should know the best ways to get yourself ready for the big goal ahead of you.
Be sure to count on an International Entrepreneurship internship in Korea to be one of these ways.
As a budding entrepreneur, you not only need a degree in business management and administration, but you also need to need to open up your mind to allow creativity and innovation to rush in.
What is strategic planning in business, how business functions on a day-to-day basis, what challenges present themselves in the running of a business, how a business can be grown, are just a few of the many questions that you will face when you’ll start your business.
International Entrepreneurship internship in Korea will offer you answers to such mind-boggling questions.
It’s the best way to find out what you’ll be getting yourself into if you become an entrepreneur.
International Entrepreneurship internship Korea can be done in any of the commercial, professional, or industrial sectors that you like.
Real estate, finance, goods and services, construction, technology, energy, social and non-profit are some examples of industries where you can do your International Entrepreneurship internship in Korea.
Once you’ve obtained your college degree in business, finance and accounting, economics or any other relevant business course, your next step should be getting practical business experience with International Entrepreneurship internship in Korea.
The Booming Business Environment In South Korea
The tale of South Korea’s transition from a poor country to an economic powerhouse has been penned down by brave entrepreneurs.
Today, the country can be deemed as an entrepreneurial and progressive economy. Chaebols, giant family-owned business conglomerates, are an important feature of the business environment of South Korea.
Several dozens of corporate groups fall under the category of chaebols. However, with modernization of the country’s economy, there has been a sharp surge in new ventures and firms cropping up around the country.
Since 1999, new business registration in Korea has increased rapidly, marking the beginning of a new chapter in the country’s economy.
South Korea can be now considered as one of the most optimistic markets in Asia for start-ups and small to medium size enterprises.
The start-up companies here have garnered positive response from local as well as international venture financiers.
The government too has implemented several policy measures to support the development of the new ventures.
The entrepreneurial energy in the country is at its peak, the youth is getting more and more invested in the idea of opening a start-up.
Leverage this wave of business-minded spirit with International Entrepreneurship internship Korea.
Read The Key Highlights Of Korean Business Culture
Ready to try out learning all about doing business in South Korea? Better first understand the unique business culture that’s prevalent in the country. It can be different from the Western culture in many ways.
Since Korea is a country with a highly homogeneous population, you’ll find that their cultural practices, dressing etiquette, cuisine and social conventions are strikingly unlike those of any other country.
An additional benefit of doing International internship in Korea would be that you’ll gain a first-hand understanding of foreign business etiquette and customs. Here is a brief overview of the same:
- Confucian principles dominate not just daily living but also business etiquette. Don’t be surprised to find that people at high-ranking positions will have more power than you. You will be expected to show respect and deference to people who are senior to you, either in age or in experience.
- Socialization in business relationships often works on the basis of hierarchy, which is decided using the factors like age, education, status, position, etc. You may be asked personal questions about your educational background, age and marital status. Don’t get offended since these are just intended to place you in the social hierarchical structure.
- During your International Korea internship, you’ll notice that even though English is comfortably used by majority of the people in workplaces, there will be some who lack much fluency. Try to keep your English basic, simple and clear when addressing people who aren’t that fluent in the language. Avoid using complicated words in your verbal as well as written communication.
- Want to meet someone for a business discussion? Make sure to take an appointment few weeks earlier. Keep in mind though that first business meetings here are majorly focused on establishing inter-personal understanding, rather than getting straight down to the business dealings. Don’t be disappointed if your ambitiously planned business deal doesn’t get finalized by the end of the first meeting.
- Arrive on time for your meeting. Don’t arrive too early since it may disrupt your host’s busy schedule. Avoid reaching late for the meeting, since it may be viewed as impolite. If you are carrying business proposal, marketing brochures, or any other written material with yourself, make sure that it’s available for reading in both Korean and English languages.
- If you’re meeting the host for the first time, allow a third-party to introduce you to the host. A slight bow followed by a handshake is an appropriate form of greeting. Exchanging business cards during a meeting is considered an essential ritual, so do carry a bunch of business cards on you for meetings.
International Entrepreneurship internship in Korea is much more than an internship that teaches you about being an entrepreneur, it teaches you how to become more accepting of different cultures and perspectives.
International Entrepreneurship internship Korea is a real-life lesson in wisdom and humility.