Ethics for International Business in South Korea

Ethics for International Business in South Korea

In the economic literature ethical issues are rarely addressed in the popular literature, however, they are in the foreground.  Southern Africa's international business ethics are not something that has been a very experienced topic. "We are conscious of the reality that corruption in many forms has deeply infected the fibre of our society. Precisely because we face the challenge of dealing with systematic corruption, we need a dispassionate and systematic approach to this question." Is what Nelson Mandela, the President of South Africa had said at the opening of the Parliament in February 1995. So what he is saying is the country is in need of the knowledge of business ethics.

In South Africa business ethics is looked at in three different segments the first one being that business ethics is based on personal values and those should be applied, second is religious views, and lastly the business experience. Two huge issues that do not help the business ethics in anyway are the racism that seems to be a huge issue, and that there is not a very high study in business, there are teachers who teach classes that have no experience in business ethics. Fraud is a huge issue as well out of 200 major businesses in South Africa 48 percent had experience with fraud. Poverty level is so high that people are to the point they will do anything to survive, with the poverty level high unemployment is also at a high level.

The productivity level is very low; it is not globally competitive because the productivity level is so low. In order to get the unemployment rate down the jobs need to go up and productivity needs to rise as well. If the business ethics are ...