Why Invest In South Korea?

Business and investment has no consideration of boundaries. A few decades ago, trade was the primary business dealing between two countries . But now things have changed and the trend of setting up global companies has increased to a considerable level. Investors are exploring new horizons for investment. The flow of a major portion of international investment is towards the oil producing countries and the African countries. But South Korea with its booming economy has also become a major attraction for the foreign investors. A Korean translator working for The Marketing Analysts Translation Service Company said that there are many opportunities awaiting for Korean translators in the near future.

The South Korean economy is growing at a very fast pace with the country having become the seventh largest exporter in the world. The financial experts view investors’ decision of investing in South Korea as a very wise move for the country has a stable economy. Not only is South Korea a stable economy, its economic growth is expected at a rate of 3.9 % and more in the upcoming years. Investing in any region demands a deep analysis of its political situation. Though South Korea is now included in the list of developed nations, its rift with North Korea is something which ought to be considered before investing capital in the region.

The country’s major exports are electronic equipments and cars. Hyundai, LG and Samsung are some of the leading South Korean companies manufacturing cars, automobile parts, cellular phones, laptops, tablets, ipads and smartphones. South Korea relies much on its exports which keeps the economy of South Korea in motion. Some companies in South Korea are listed as ETF’s in the United States and the European Union. Though this exchange-traded fund is not operating on a very large scale and not many South Korean companies are involved in it.

Foreign investors can also invest in South Korea’s energy sector as it is flourishing. South Korea mainly produces power through nuclear energy and also assists other countries as well with its nuclear technology used in power production. A Korean translator working for the Miami Translation Services of The Marketing Analysts Translation Services says that he has  translated many business documents for investors having invested in South Korea. He has been carrying out English to Korean translation and Korean to English translation for over a decade now.

ishares MSCI South Korea Index Fund (EWY) is the leading South Korean exchange traded fund with many famous companies and corporations enlisted with it. With the country’s present stability and fast growing economy, it definitely will be a good bet for foreign investors to set up their businesses in South Korea. Although the outcome may depend chiefly on the sector in which one has invested his money.

ACHIEVING SUCCESS IN TODAY’S COMPETITIVE ENVIRONMENT

As a translation services professional, communication skills will be essential to your success. In fact, if one of your priorities is to stand out from your competitors, improving your communication skills may turn out to be one of the most important steps you can take. As, Jamie Sutherland, a HR manager who is also working as a certified translator says, hiring managers often complain about the poor communication skills of the potential employees they interview – especially of recent college graduates who have no experience in a professional business environment. Considering you have learned at college how to write, listen and speak well, if you are also able to communicate effectively depending on the specific business situation, you’ll have a major advantage and you will be a step ahead of your competitors throughout your professional translator career.

Communication is the process of conveying information through an exchange of messages between a sender, an encoder, and a receiver – a decoder. This can be done by speech, visuals, writing, signals or behavior.  Effective communication occurs, when the receiver has completely understood the message of the sender, i.e. when he or she gets the exact information or idea that the sender has intended to convey. Effective communication benefits both the sender and the receiver and helps businesses in many ways. Some of these benefits are:

  • Better decision making based on more complete and reliable information;
  • Better time management – the faster problem solving takes up less time that can be used for creating solutions;
  • Identifying potential problems at an earlier stage;
  • Stronger professional images and closer business relationships;
  • Higher employee engagement and lower employee turnover;
  • Better financial results, and other.

As translators with The Marketing Analysts Translation Service in Houston explain, effective communication reinforces the connection between a business and all of its stakeholders, those people, groups or organizations that are affected or can be affected by the actions of the business as a whole: customers, employees, shareholders, suppliers, creditors, investors, the community, and the government. On the other hand, bad communication breaks down trust, and the consequences can range from waste of time and efforts to failure. So, speaking of communication we always have to bear in mind, that it is a powerful “weapon” that can help you succeed at every stage of your career.