Republic
of Korea is a very
developed country. Starting a new business is easy and simple. The country is open to global trade and
investment and the rule of law is upheld. However, some corruption exist
denting the foundation of Korean economy.
Motor
scooters, which is geared towards low-income countries, will have a little
market potential in South
Korea.
The luxury limousine will have some market potential, but a lot lower
than that of the sedan. Thus, we strongly recommend the sedans, which will be
best sold.
The chosen
product is most likely be shipped to Busan
Port: the largest port in South Korea.
Once the containers arrive in Busan, they will be distributed by Korea Railroad
Corporation (Korail) using freight trains. Finally, the two main competitions
are Hyundai Motor Company and the public transportations.
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