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Essay / Research Paper Abstract
This 8 page paper discuses the fitness equipment market in South Korea. The paper begins with a brief introduction to the country, including basic population data. The writer discusses the fact that the fitness equipment industry in this South Korea is expanding, which could result in opportunities for American exporters. The writer then discusses a number of issues related to doing business in South Korea, such as licenses, registrations and taxes. A recent survey of companies operating there is reported, which illustrates definite drawbacks in terms of persistent labor problems. Bibliography lists 6 sources.
Page Count:
8 pages (~225 words per page)
File: MM12_PGkorea2.rtf
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Unformatted sample text from the term paper:
Korea or more precisely, the Republic of Korea in the south, which accounts for 45 percent of the peninsula, and the Democratic Peoples Republic of Korea in the north (Horsfall,
Koh and Shin, nd). The population of South Korea is nearly 47 million, which is more than twice the population of North Korea (Horsfall, Koh and Shin, nd). As
in most countries, industrialization brought significant migration to metropolitan areas (Horsfall, Koh and Shin, nd). Seoul, for example, has a population of 10 million (Horsfall, Koh and Shin, nd).
Also, as is true with most of the world, the population in South Korea is aging with more and more of the people being over the age of 65 (Horsfall,
Koh and Shin, nd). Since the population is aging, people have become more conscious of physical fitness and health issues. Long years are not worthwhile without a certain
degree of quality of life. Thus, more people have joined the many across the world in exercising and pursuing physical fitness activities. The physical fitness craze really soared following the
1988 Olympic Games that were hosted in Seoul (Industry Canada, Trade, nd). The fitness equipment market grew by an average of five to ten percent each year in the 1990s
(Industry Canada, Trade, nd). This type of dramatic growth in this industry stabilized in the late 1990s as a result of the economic downturn, which left the people with less
discretionary money (Industry Canada, Trade, nd). It was a relatively short-term decline, however. The fitness equipment market in South Korea has two distinct sectors, first, there is the commercial fitness
equipment market, which incorporates memberships in private health clubs, such as those located in sports centers and hotels, company gymnasiums and public health clubs (Industry Canada, Trade, nd).Second, there is
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