Here’s what I said in an article in the JungAng Daily on July 21, 2011 about foreign entrepreneurs in Korea:
“Most foreign entrepreneurs are setting up businesses that support the international community. There aren’t many who are doing business in Korean society and serving Korean consumers,” said Steven Bammel, founder and head administrator of Korea Business Central, an online community supporting expats doing business in Korea.
“Even companies investing in Korea through FDI are generally setting up operations to support the chaebol, so aside from the foreign community and chaebol, there don’t seem to be many foreign companies doing business directly with the majority of Korean consumers.”
Link to original article [EXPIRED LINK REMOVED: https://joongangdaily.joins.com/article/view.asp?aid=2939137]
Download Expats blaze new trails in business in PDF format [EXPIRED LINK REMOVED: /files/expats-blaze-new-trails-in-business.pdf]
This article is also featured on Korea Business Central with accompanying member discussion. [EXPIRED LINK REMOVED: https://stevenbammel.com/category/archives/kbcforum/topics/expats-blaze-new-trails-in?commentId=3463326%3AComment%3A78049]