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As South Korea’s economy, population, and culture have evolved over the past 50 years, the country has quickly risen and taken a seat as one of the world’s most important economic markets and national players, especially in the areas of manufacturing and exporting. We’re exploring South Korea’s strongest industries and relationships with other economic powers like the United States, China and the European Union.

Joining host Michael Cohen for this discussion is Paul Kim. Paul is a graduate of the University of Chicago, with honors, and obtained his juris doctorate degree from Harvard University. Paul currently serves in private practice as a Corporate Partner in Sheppard Mullin’s Seoul office advising clients on cross-border mergers and acquisitions (M&A), private equity, venture capital and securities transactions, restructurings and multi-jurisdictional disputes.

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What We Discussed in This Episode:

  • The overview of South Korea’s economic development and present vitality
  • What are two of South Korea’s largest industries?
  • What does the relationship between South Korea and North Korea look like?
  • How much do North Korea’s actions factor into South Korea’s economy?
  • Should the North Korean economic restrictions loosen up a bit, would South Korean businesses partake in business opportunities in that country?
  • What has caused South Korea’s decline in fertility rates and how does that impact the economy?
  • How have the U.S. trade disputes with China and other countries impacted Korea, if at all?
  • What was impetus for the trade dispute between Korea and Japan?
  • What does South Korea’s relationship with the European Union look like?
  • Has the U.S.’s withdrawal from the Trans-Pacific Partnership affected Korea in any way?
  • How simple or difficult is it for a multinational organization to do business in South Korea? What are some of the restrictions?