2. Exchange Rates Current Rate: 1 South Korean won = 0.000861 U.S. dollars

3. Import Restrictions China- made foods including milk powder Beef restrictions Red Wood Italy’s mozzarella cheese British pork Currency import restrictions

4. Public And Government Attitude Towards American Products South Koreans are highly influenced by lifestyle of Americans. They trust American products. Relations between the two nations are good.

5. Socio-Cultural Differences Cultural diversity Population quality Religious associations Old customs and traditions retentiveness Shopping Habits Self Expression Gender inequality and sex discrimination

6. Close business/government ties system Close programming of business meetings. Peace with surrounding powers. Female domesticity. Prolonging business decisions Preservation of national values High regards to freedom and prosperity Answering positively Ideological Beliefs Benefit all mankind. Attitudes and Beliefs

7. Corruption Perception Index (10 meaning the cleanest government and O being corrupt) YEAR2008200720062005200420032002 CPI5.65.1 5.04.54.34.5

8. Conclusion South Korea is an attractor for foreign investors.

9. References Transparency International. Retrieved on October 18, 2009 from: http://www.transparency.org/policy_research/surveys_indices/cpi http://www.transparency.org/policy_research/surveys_indices/cpi Doing business in Korea A country commercial guide for U.S. Companies. Retrieved on October 18, 2009 from: http://www.buyusainfo.net/docs/x_3151071.pdf http://www.buyusainfo.net/docs/x_3151071.pdf Country profile: South Korea. Retrieved on October 18, 2009 from: http://lcweb2.loc.gov/frd/cs/profiles/South_Korea.pdf http://lcweb2.loc.gov/frd/cs/profiles/South_Korea.pdf