The business of Korea is business.

      

2020

Why Does KBLA Exist?

Korea needs foreign participation in the domestic economy like never before.

The world is changing and Korea is changing. Korea has new and existing challenges in rapidly weakening demographics, highly concentrated market structure, increasing protectionism, rising export similarity among competitors, low productivity growth, low domestic investment levels, and the rising importance of services. Most, if not all, of these things can be overcome through increased participation of the global business community in the Korean economy.

by Rodney J. Johnson, KBLA

Nov. 24, 2019

KBLA aims to help with that by making Korea more transparent and by making operating in Korea easier and more efficient. Whatever aids in that mission, is our mission.

Korea is still not a transparent and easy place for the global community to do business. It’s not easy to enter, set up, understand, market, manage risk, find customers, find distributors, hire, fire, or any of the other myriad functions organizations must do successfully to thrive in the Korean market. We believe companies from around the world would be happy to enter the Korean market, if it was only easier to do.

The information and expertise necessary to operate in Korea exists, but is not easy to access. It doesn’t matter if your organization is large or small, finding good data starts with learning that it exists at all. Finding good service providers is crucial to getting the best advice and support in-country. KBLA provides data-driven intelligence reports and tools to enable better decision making and better communication with HQ on what the Korean market actually looks like, how it functions, and what the opportunities and challenges are.

No one has the time for hit and miss. Going to in-person meetings, digging around on the Internet, networking through known associates are all reasonable methods for getting the information and contacts you need. But, they are also very inefficient and often, just a shot in the dark. KBLA provides a better way. We provide a ready-made network of the best service providers and in-country market participants. We wrap the business community in knowledge and expertise from academia, think tanks, NGOs, and industry associations. We also provide, directly, reports and newsletters to inform you of the state of the Korean economy and business environment.

This is 2020. Stuff has to come to me, not me to it. We do everything we do in digital-only formats so that it comes to you, when you want, where you want, and you utilize it how you want. Networking is handled via the community’s “kbla.live” networking and sharing platform - accessible through browser, desktop apps, or mobile apps. Information is disseminated through emails, PDFs, videos, and audio files.

We all need the same things. All KBLA members need the same basket of goods and services. We need good information. We need access to the right service providers. We need access to potential partners, customers, and sellers. KBLA groups these different support roles together in a way that is more efficient and effective than anywhere else. It’s win-win for everyone.

Items You Might Have Missed

New KBLA Tools for Business Warriors

One of the driving goals of KBLA in 2020 is to create and offer new tools to aid each member of the KBLA community in accomplishing their business goals.

We have a list of new, exploratory tools to bring out over the course of the year, all of which fall into one or more of three categories that mesh with the KBLA’s overall mission.

Oct. 29, 2019

A New KBLA for 2020

There are many changes coming to KBLA in 2020. We hope you’ll stay with us and experience all we have lined up. We think this is going to be the best iteration yet. Joining KBLA is a chance to support real change among business communities in Korea.

Nov. 19, 2019

Why Does KBLA Exist?

Korea needs foreign participation in the domestic economy like never before.

The world is changing and Korea is changing. Korea has new and existing challenges in rapidly weakening demographics, highly concentrated market structure, increasing protectionism, rising export similarity among competitors, low productivity growth, low domestic investment levels, and the rising importance of services. Most, if not all, of these things can be overcome through increased participation of the global business community in the Korean economy.

Nov. 24, 2019

It’s 2020, Do You Know Where Your Meeting Attendees Are?

We know one thing: they are not at your meeting. That’s because in-person meetings aren’t what they once were: the only game in town. In 2020, along the curve of value for cost, meetings are are not just at the low end, they are downright abysmal.

Dec. 24, 2019

Act on Online Investment–Linked Financing and User Protection (aka P2P Financing Act) Promulgated on November 26, 2019

The Act on Online Investment–Linked Financing and User Protection (the P2P Financing Act) passed the plenary session of the Korean National Assembly on October 30, 2019 and was promulgated on November 26, 2019.

Jan. 8, 2020