Developing A Star-Up Business From A Management And Financial Perspective For Indonesian Workers In Korea
DOI:
https://doi.org/10.51601/ijcs.v3i4.220Abstract
Many Indonesian citizens seek opportunities abroad, including becoming Indonesian
workers in various countries, notably in South Korea. This phenomenon is further fueled by
the global popularity of the Korean wave, attracting both Indonesian workers and students
to Korea. With a significant proportion of Indonesia's population falling within the
productive age range (15-64 years), there is a growing demand for diverse job
opportunities. The recent boom in startup businesses, driven by technological advancements
and government support, has provided a promising avenue for addressing these economic
challenges. South Korea, known for its rapid technological development, offers an ideal
environment for Indonesian workers in Korea to venture into startups. However, navigating
the complexities of the Korean startup landscape, including fierce competition and intricate
regulations, presents its own set of challenges. Building a robust network, understanding
local regulations, and focusing on effective management and financial planning are
essential for success. This community service initiative, conducted by IBI Kosgoro 1957 and
the Indonesian Ambassador in Korea in collaboration with Kaya University and Busan
University, aims to enhance the knowledge of Indonesian workers in Korea in the areas of
startup business development, management, and finance. Through interactive seminars,
discussions, and ongoing evaluations, this initiative seeks to empower Indonesian workers
with the skills and insights needed to thrive in the competitive Korean market. The results
and discussions from this initiative emphasize the importance of effective marketing
strategies tailored to the Korean market, the significance of financial management in
startup success, and the potential for Indonesian workers in Korea to build successful
businesses by leveraging their unique experiences and networks. In conclusion, developing
startup businesses in South Korea as Indonesian workers entails thorough market research,
strong business planning, capable management teams, sound financial management,
tailored marketing strategies, and adaptability. By effectively implementing these factors,
Indonesian workers in Korea can enhance their prospects of establishing and growing
successful startups in a competitive environment.
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Copyright (c) 2023 Haswan Yunaz, Enny Widayati, Zara Tania Rahmadi, Prisila Damayanty, Kim Soo Il
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