Bloomberg Business Week published earlier this year a great article on the power of Samsung in the Korean market.
Many foreign and domestic businesses in Korea have run afoul of Big Blue and have been crushed because of local Korean realities.
The more savvy of companies, dealing with Samsung and like companies in Korea, have used some creative business strategies and contract clauses that has helped to minimize damages caused by relationships with Samsung and the like that go bad.
The article, below, does not address these business strategies or contract clauses, but a follow-up post on this blog will brief the reader on ways to deal with these Korean realities.
Please take a look at the article from Bloomberg Business Week at:Samsung’s War at Home by Cam Simpson.
- The Power of Samsung in Korea: Ways to Protect your Business from the Powers to Be in Korea
- Adhesion Contract in South Korea: Regulating Unfair Terms and Conditions
- Liquidated Damages v. Penalties in Korean contracts
- Contract Drafting in South Korea
- Samsung’s Win Against Elliott is Korea’s Loss According to Bloomberg
- Korea Parallel Imports: How to Protect Your Brand in Korea: The Korean Courts May not be the Answer
- Five Businesses to Avoid in Korea
- Is Samsung Doomed? No Innovation Price Trap
- Samsung Faces Challenges as It Tries to Win Smartphone Wars
- Guide to Establishing a Company in Korea: Branch vs. Office; FIPA vs. FETA
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