The "I Die, You Die" Business Mentality in Korea
In Korea, you really have to be a first mover. If not, you'll never get off the ground. Being in Korea for 10 years, I have been owned or partnered in a number of businesses. Some have worked and some have not. The one thing I do know is that if you want to survive you have to look like you are doing terrible that you should be humble and that you are just getting by. This will keep you under the radar. The problem with this is that my background is marketing and that I was born with the American Entrepeneural spirit (I know that sounds cheesy). My upbringing dictated that you should always look successful despite all the challenges and pitfalls. If you look successful then people will copy. Sometimes a straight up copy or a gaudier, upgraded copy with cut corners. They will tackle price points to the point they will make no money. They will do all this to steal walk-by customers. It seems there is no honor or community in the business industry here. Every business wants to ...