South Korea and India Analysis

free essaySouth Korea is a politically stable, democratic state. However, due to North Korea’s influence, the country experienced a crisis in 1997. Nevertheless, strong financial and economic reforms quickly put the state back on the path of growth during the following years. The development of South Korea continued, and the state became one of the greatest technology markets on the globe. Moreover, the country possesses a highly-qualified labor force that makes it possible to both commercialize and produce advanced technologies. South Korea is well equipped with enhanced telecommunication facilities and broadband network. The environment of the country is based on the breach of emanation standards that go to unreasonable limits despite its rather small area and population contrasting to other countries.

India is known as a leading country in cultural diversity as it has a significantly diversified population. Since having attained the independence in 1947, India placed itself among the leading democratic nations of the world. Moreover, India has experienced an unparalleled growth of GDP recently. Furthermore, India has opened its business environment to foreign investors as well as companies. The country has implemented measures, aimed at improving the environment for business to flourish. The economical sector of the country is rather progressive due to the highly professional managers as well as cheap labor force. The comparison of both countries’ political, economic, social, technology, environmental, and legal opportunity and threat factors and trends will show the sustainability of the nations to be open and suitable for the introduction of a new company on their markets.

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Opportunity Factors and Trends

The economy of South Korea is quite stable as the country has struggled to overcome crises and poverty and has becme one of the most economically powerful countries in the world. The market of South Korea is ready to welcome new companies and commodities as the well-being of its citizens allows them to buy expensive good and use services. Moreover, the economic is forecasted to grow in the next years, involve new investors and companies to the market. The economic situation in India is somewhat worse than in Korea. First, the economy sector of the country has started evolving recently and has not reached the highest rates yet. Second, the country cannot overcome the poverty rates.

Political Analysis

The South Korean political system operates under the governance of constitutional democracy that is dissected into three major branches, including judicial, executive, and legislative. The President is the leader of state, and he is elected by national vote for a term of five years. The President, with the agreement with the National Assembly, appoints the prime minister, the head of the administration. The National Assembly consists of 299 members elected a term of for four years (Fitzsimmons, Dorsey, O’Connell, & Marzullo, 2015). The political system is rather democratic, allowing free internal and external legislatives.

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In comparison to South Korea, India has a federal form of government, with one of the greatest forms of democracy. The federal government of India is formed on the basis of maintenance of arrangements on the acceptance of mandatory jurisdiction, Common law of English, the analysis of legislative laws by the judiciary, and the application of diverse personal legal codes on Hindus, Christians, and Muslims. Thus, India’s politic system is described as average stable. The political environment is determined by political stability, the ideologies of different political parties, the government’s policies, and the impact political forums possess (Adamkasi, 2016). Moreover, the government encourages free business, and for these reasons, it has introduced flexible laws on international trade. Therefore, the political systems of two countries are similar directed to democracy and the facilitation of citizens’ lives with the help of laws.

Economic Analysis

The economy of South Korea has gone through diverse hardships, such as the world crisis in 1997 or the state of full poverty in the 1950s, to become one of the richest economies in the world. The best factor to demonstrate the nation’s wealth is increase of the annual income per person from $100 in the 1960s to $20,000 in the 2000s. The country possesses a market economy, and it is the 14th in the world by nominal GDP as well as the 12th in the rate of purchasing power parity. Thus, the country economy is rated as one of the G-20 chief economies. South Korea is in the list of the few developed nations that can avoid a recession, experiencing the global financial crisis with growing economical rate even in the crisis states (Fitzsimmons et al., 2015).

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Similarly to South Korean, India’s economy has been considerably stable since the introduction of industrial reform in 1991. This reform brought a massive reduction to the sphere of industrial mandatory licensing, liberalization of overseas capital, divestment on communal sector enterprises, allocating of permission on foreign technological consensuses, and the formation of FIBP. All these changes have brought the GDR earned 5 trillion dollars in 2013, and this rate grew by 5 % in 2015 (Adamkasi, 2016). Thus, both countries evolve rapidly; however, the South Korean economy is stronger and the country itself is richer.

Social Analysis

The industrialization and economical growth in South Korea have led to the urbanization and concentration of population in the cities. The industrialization has also brought the development of education, leisure culture, and medicine. However, the Korean population has not enough time for diverse social issues as they work rather much (Fitzsimmons et al., 2015). In comparison, the population in India is rather diverse, including various religions, traditions, and lifestyles; that is why the social life of this country is diversified. These diversities lead to conflicts among the citizens and the shortage of tourists and foreign investments (Adamkasi, 2016). Thus, the social environment in South Korea is more favorable for positive political and economical changes.

Technological Analysis

South Korea is a technologically developed country that occupies 13th place in the world in technological sector. Its technological sector includes automobiles, computers, electronics, robotics, biotechnology, and many others. Thus, South Korean companies try to implement various technological tools and robots to ease their work. The biotechnological industry is advanced in making hepatitis vaccines and antibiotics (Fitzsimmons et al., 2015). Moreover, South Korea exports its commodities to various countries in the world. Along with South Korea, India attempts to develop its technological sphere as well. The country has achieved the greatest success in IT technologies and telecommunication. It provides 3G and 4G technology to its users; the country has also developed online gambling, computer games, and high definition TVs. These innovations have reduced costs and improved quality (Adamkasi, 2016). Thus, both countries develop technologically but in diverse spheres.

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Environmental Analysis

South Korea and India possess similar environmental factors that influence their welfare and development. The climate in these countries is rather unstable and it has varied influences on their industries. The negative effect of global warming and air pollution is experienced not only by both states’ citizens but also the industries. Thus, pollution and urbanization have damaged the environment negatively. However, the governments of these countries take strict actions in preventing global warming and air pollution (Fitzsimmons et al., 2015). Thus, the environmental issues are the threat for both countries.

Legal Analysis

South Korea’s legal system merges the elements of Anglo-American law and European civil law. The judiciary possesses highest professionalism and it is fairly independent, but it experiences government pressure. The legal system in South Korea does not have a jury. The court consists of 1 or 3 judges who listen to cases. Since the mid-2000s, the country has ranked approximately 40th in Transparency International’s corruption discernments index that covers close to 180 nations (Fitzsimmons et al., 2015).

In comparison, the Indian legal system has undergone significant legal changes in the recent past. For example, the emphasis on recycling, legislations on disability discrimination, as well as minimum income, increase has directly influenced businesses. Such legislations as the 1955 Act on essential products, the 1969 Act on trade mark, and the consumer defense Act of 1969 also affect businesses directly (Adamkasi, 2016). Thus, both countries try to make laws to support their economies.

Threat Factors and Trends

South Korea does not have any threat factors as the country has struggled to make its economic, political, and social industries an opportunity. However, India has plenty of threats that interfere with the development of its economy. First, the economic situation in the country is somehow unstable, and it improves very slowly. Second, the social sector is also a treat as the Indian population is rather diverse, which causes conflicts and makes the country unfavorable for the foreign investments and new companies entry.

Conclusion

Cognizant Technology Solutions Corporation was founded in 1998 to provide consultative services to worldwide businesses. The company proposes the services of program management consulting, information technology (IT) strategy consulting, operations improvement consulting, and business consulting services (Information Technology Services, 2017). Cognizant Technology Solutions Corporation also offers services such as advisory, strategic, and data management, management consulting, descriptive analytics/business intelligence, and packaged analytics services (Information Technology Services, 2017). As a consulting firm, Cognizant cooperates with multiple industries, including insurance and banking, healthcare life, logistics and manufacturing, travel, information technology, media, and entertainment.

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Considering the above-mentioned facts, Cognizant Technology Solutions Corporation is better to introduce into the South Korean market. The review and analysis of the two countries’ political, economical, social, environmental, legal, and technical industries has showed that the South Korean market is more suitable to welcome this company. First, the economy of South Korea is rather strong with plenty of companies, and all of them need an experienced IT consulting company to serve all industries efficiently. In contrast, although the Indian economy is also rather stable, it has a threat for Cognizant Technology Solutions Corporation. Thus, the companies in India have not evolved to the level that such an expensive and professional company could serve their industries.

The South Korean market is also able to welcome the IT consulting company as it possesses such opportunities as a high level of social standards in the country and profound technological development that will attract many clients to Cognizant Technology Solutions Corporation. In contrast, although India is somehow an IT country, its social threats will make Cognizant Technology Solutions Corporation avoid this nation. Moreover, the technological sphere in India is less developed than in South Korea, which is another threat for the company.

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