Case study attached below. Original work only!Read the case study and provide a report for the executive team that summarizes the current labor practices in South Korea. Ensure that you discuss specific advantages and disadvantages regarding the existing labor practices in South Korea. Be sure to follow APA guidelines and write your paper in the proper format (not as question and answer).Requirements of submission: Case study assignments must follow these formatting guidelines: double spacing, 12-point Times New Roman font, one-inch margins, and discipline-appropriate citation(s), including in-text citation(s). Page length requirements: 12 pages.
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Chapter 16: Acquiring a Company in South Korea
Chapman Auto Parts manufactures a variety of aftermarket parts and
accessories for distribution throughout the United States and Asia. While they have
been successful in meeting the demand for parts in the past, they are seeing
increased demand from parts of their Asian market. The companys executive team
has been exploring expansion opportunities and has determined that acquiring
another manufacture in Asia is the best strategy to meet the growing demand.
Aftermarket parts are built or refurbished to replace damaged or worn parts
in cars and trucks. Accessories are parts sold directly to new car dealerships that
are installed in new vehicles after the original sale. These parts provide optional
features to customize a vehicle by enhancing comfort or convenience. Chapman
distributes its parts to wholesalers who then resell the parts directly to retail outlets
and new car dealerships. Chapman currently operates two facilities on the West
coast of the United States. Through these locations, they have been able to
establish an effective distribution network via railways to various locations in the
United States, and via ship to several Asian ports. However, a manufacturer
located in Asia will greatly enhance distribution capabilities.
The executive team has identified a small manufacturer in South Korea that
currently produces similar parts to Chapman. The South Korean company has
much lower overhead costs and the team believes that acquiring the company will
help improve the distribution of their product and allow Chapman to continue to
grow their business. There are several aspects of the potential acquisition they must
explore before deciding to move forward. As their first venture into international
operations, the labor market is one aspect that requires significant consideration.
To help build an understanding of the labor practices in South Korea, the
executive team has asked Janie Lang, the Director of Human Resources, to conduct
research and prepare a report for the executive team. They are particularly
concerned with labor costs and legal concerns of operating in South Korea. Janie
has little international human resources management experience, so begins her
research by exploring the basics of the South Korean labor market.
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