1. Meeting & Greeting Etiquette
When meeting a Korean business person, it is best to greet each other with a slight bow which may or may not be accompanied by a handshake. People normally show respect by supporting their right forearm with their left hand when handshaking. If it is your first meeting, exchanging business cards can be a norm and a way to figure out one’s status or rank. Western trend to eliminate titles is not as prevalent in Korea; Koreans usually address each other by their title and family name. Try to use both hands when receiving the business card.
Punctuality is important sign of respect. If you think you may be a little late, it is best to notify ahead. Keep in mind that business people may sometimes have hectic schedules and may cause them to be late occasionally. Be courteous and try not to display negative emotions if this happens.
3. Gift giving
Gift giving is a common practice when doing business in Korea. It is done to build relationships and secure favors. Gifts are usually reciprocated so it may be good to bring gifts that are from your native country, but avoid overly expensive gifts as this will require the recipient to match the value. When you are offered with a gift, it is good to show initial resistance and after two or three times of insistence, you should accept it with gratitude.