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Country Notebook Essay

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I. Cultural Analysis

I. Introduction

This research paper will be an in-depth analysis of South Korea and understanding effect on market. The paper will cover descriptions of the country and the financial conditions which are relevant for conducting this research. Concluding the paper we will have a recommendation as to whether or not it will be advisable for a Medical Products, Inc. to engage in South Korean Market.

Medical Products, Inc. (MPI) is a U.S. firm founded in 1998 by a small group of medical and scientific research professionals. The firm is unusual in that its product line is aimed at two specific but unrelated markets: prenatal and postnatal care and geriatric medicine. The firm is now trying to export the…show more content…
IV. Social institutions Family

* Nuclear Family

The nuclear family consisting of a husband, wife, and children is becoming predominant in contemporary South Korea.

* Extended family

A typical Korean family usually includes extended family members such as grandmothers, grandfathers, aunts, uncles, and cousins.

* Parental Role

Parent’s role in South Korea is taking care of their children until they get married. Children usually live with their parents until they are married, even if they are full grown adults. Parents are desperate attempt to give children an educational advantage, and grant them explore to a globalized worldview (in contrast with Korea's strictly homogenous culture and community), children are often sent to boarding schools abroad usually to the U.S., Canada and Australia, and family members strangely separated for many years.

* Marriage and Courtship
Traditionally, Courtship before marriage is rare, and parents choose their offspring’s future husband/wife. However, nowadays, almost 99% of Korean couples have courtships before they get married, but still have to get permission from their parents to get married. * Female/Male Role

Typically female role is taking care of house works, and Male’s role is to taking care of outdoor works. Female of the family cook, clean,
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