Assignment on Global Business-1

Running Head: GLOBAL BUSINESS
Cultural and Business Information
Name of the Student
Name of the University
Author Note

GLOBAL BUSINESS
1
Introduction of each country
Indonesia:
This country is located in the Southeast Asia. It is known for being the largest island. It is
located between the pacific and Indian Ocean. Its capital city is Jakarta which ids the largest city.
The population of this country is 267 million and it is the 4th popular country in the whole world.
The people of Indonesia has the official language as Bahasa Indonesian and nearly 700 regional
language (Cohn & Ravindranath, 2014). The currency of this country is known as Indonesian
rupiah, represented as Rp. They have a diverse culture with majority of Muslim people nearly
87.2%, then comes Christianity which is 9.9 %, Hinduism is about 1.7% and many others.
Indonesia is mostly agriculture oriented country along with industries like textiles, mining, food,
petroleum. Their PPP GDP in 2019 was $3.740 trillion and the nominal being $1.200 trillion.
Their governmental structure is a constitutional republic and presidential legislature, Joko
Widodo being their president.
China:
It is situated in the East of Asia and it is famous for being the most populous country in
the world. Its capital state is Beijing and the largest city of this country in Shanghai. The
language used by the common people are, Standard Chinese, however, the regional languages
are Uyghur, Zhuang, Tibetan, Mongolian and many other. The currency of China is Renminbi
(¥). China is very diverse in terms of culture such as Buddhism, Judaism, Christianity, Islam,
Taoism also many citizen do not practice any religion. China is mostly famous for its trading, its
remittances of foreign exchange is about $US64 billion (Das, 2015). The famous industries of
china are manufacturing, mining, power and construction. China is mostly popular fir the
production of low cost electronic products and import and export is their strong point. In 2019

GLOBAL BUSINESS
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their PPP GDP is estimated to be $27.309 trillion and the nominal was $14.140 trillion.
Communist party of china governs the country and five regions are autonomous, Xi Jinping
being the president and General Secretary of the ruling party.
South Korea:
South Korea is situated in the East of Asia, it shares its one border with North Korea. It
capital city is Seoul and largest city in South Korea. It has yellow sea in its west and Sea of
Japan in East. It is huge combination of different structure such as mountains, Costal plains,
valleys and river. Their official language is Korean. The currency that the citizen of South Korea
use is Korean Republic won (₩). Most of the citizen of South Korea do not practice any religion
and they consist of the 56.9% of total population, Christianity is 27.6% and several other
religions are also present. In 2018, $1.62 trillion gross product with spectacular growth in their
economy from poverty and chaos in the earlier days (Kang, 2014). The famous industries of
construction, manufacturing, mining, however, agricultural contribution being the GDP’s 50%
area and then shifted towards the industries. The GPD in 2019 is estimated to be $2.320 trillion
that is the PPP and the nominal being $1.720 trillion. The orientation of the government of
South Korea as a centralized one with three levels such as legislative, executive and judicial.
Moon Jae-in is the president and Lee Nak-yeon is the prime minister.
Cultural Norms
Indonesia:
Greetings in Bahasa Indonesia works irrespective of gender, social status and age. Good
morning is said as “Selamat pagi”, Good day as “Selamat Siang”, Good Afternoon as “Selamat
Sore”, Good evening as “Selamat malam”, here Salamat stands for happy, safe or peaceful. The