Business in Korea: a two-speed system that will get them a long way

This article discusses how a Korean company is facing up to the global economic downturn. One strength is that Korean businesses look to the long term and are not panicked by short-term reverses.

Business in Korea: a two-speed system that will get them a long way

Bruce Haines

In Korea, 'bali, bali' isn't a reference to a tropical island so good they named it twice – it's a much used expression meaning 'quickly, quickly'. On first impressions, you'd be forgiven for thinking that the whole country runs on that basis. The pace of life in Seoul is frantic, meals are eaten in about ten minutes flat, anything you buy is delivered either that day or the next and, just as you've got used to a particular shop or restaurant being in a particular...

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