Analysis of the International Business - Term Paper Example

 As such, Snap fitness will provide these services to these people so that they can access these services as and when they want.  South Korea is among the fastest advancing economies globally, with a population of about 49 million people. According to the Central Intelligence Agency (2011), South Korea had an economy similar to those in most African countries.

However, the country has grown its economy to a high technology economy and has joined some of the biggest economies in the world with a GDP of over one trillion dollars, making it number twelve in the ranking of world economies. To manage to grow the economy in this regard, the government offered incentives to investors to import technology at the expense of other consumer goods (Nee, 2012). Presently, South Korea is a chief exporter of technological goods such as electronics and some of the products from this country, such as Samsung, are best known in the world.

The GDP of South Korea stood at about 1.5 trillion US dollars in 2013, and the growth rate supersedes those of other Asian countries, which are also growing very fast, such as Singapore and China. The real GDP growth rate has, however, shown a decreasing trend, standing at 2% as of 2012 and starting as high as 6% in 2010 (CIA Factbook). The country GDP is mainly made of three sectors which include Agriculture (2%), Industry (39.8%) and Services sector (57.%) per cent. The countries main exports are technological products, being exported to the rest of the world, but mostly to European counties and some African countries.

The labour force in South Korea stands at about 25 million people, with most of the labour force (70%) being in the services sector. The agriculture sector takes up 6.2% while the rest (23.8%) is taken by the industry sector. Infrastructure with regard to infrastructure, South Korea has some of the best infrastructures. The excellence of transport infrastructure is evidenced by the fact that the nation has 71 airports serving a country with only 38,691 square miles. Of these, over 19 of them have an area of between 438 and 3,047; and four have an area of more than 3,047 square miles.

The airports are supplemented by numerous (40) unpaved airports and heliports (466). These airports are also networked by a network of roadways and highways. Most of the roads (83,199 km) are paved, which make about 80 per cent of the 104,983 km of roadways as in 2009 (Central Intelligence Agency, 2011). South Korea has a pipeline of over 2,216 km for gas and 16 km for oil, and another 889 km for refined products (Central Intelligence Agency, 2011). Type of government According to the CIA factbook, S.

Korea has a functional democratic system, which has three branches like most democratic systems. These include the Judiciary, the Executive and the legislature. The South Korean government is very stable, with a powerful standing military to protect the nation from both internal and external threats. The existence of a fully functional democracy is also a guarantee of a stable government. However, there have been repeated military disputes between North Korean and South Korea over the border separating the two since 1953.

According to the CIA, the legal system in South Korea is a mixed one, featuring European common law, the Anglo-American legal system, as well as Chinese legal models. South Korea has quite a number of environmental laws which are geared towards protecting the environment in various aspects, such as water, marine, air, etc. These laws are, however mostly applicable to manufacturing entities, and therefore a business such as snap fitness would not be affected by them. It also has a number of laws with regard to labour. However, these laws are common labour laws as can be seen in places like the USA and therefore do not pose a barrier to entering into business in South Korea.