Korean Business: Year-end Norms, Practices, and the Holidays
By Don Southerton, KoreaLegal.org Editor
With the year end, Korean Groups are in the middle of annual end of year reporting, restructuring, promotions, and new assignments. Many Korean team members already have begun to share news of the re-assignments, others will find out next week. Samsung Group announced a record number of Director and above promotions, we’ll see what happens at Hyundai Kia Motor Group and the other Groups. Meanwhile expect some change both at senior leadership and across the teams. Those receiving promotions should be congratulated–promotions bring considerable status along with a boost in wages.
On a more personal level…
As the holidays approach, you may wish to greet Korean colleagues with:
Sae hae bok man i ba deu say yo! (Seasons Greetings)
(I’ll modify the Romanization for easier pronunciation)
Hint: Break the greeting into: sae hae bok—mahne—bah deu say yo
Sae hae bok man i ba deu say yo! works well both in person, in a card, or an email. It is a common seasonal greeting into the New Year.
On behalf of myself and Korea Legal.org have a happy holiday season!
Sae hae bok man i ba deu say yo!
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