international business environment Legal considerations Essay

The statutory aspects ar strategic for the business choice. Laws ar contrasting in every acres. Laws would see business practice, define the manner and inflexible down the amends and obligations. This made business hasten to run within the border frame by uprightness and definitely affects the strength and profitability when running business in that soil. The type of legal frame.The legal system in Spain and Korea is found on obliging law, while court case laws atomic number 18 non granted official status as law. The Spanish legal system is based on comprehensive legal codes and laws grow in Roman law, as foreign to common law, which is based on precedent court rulings. Beca social occasion Japan occupied Korea from 1910 to 1945, the Korean legal system resembles the Japanese system. after the occupation however, on that point were attempts to adopt more aspects of the Ameri brook legal system. It must be remembered that the first civilian g everywherenment commenced unless in 1992, and thereafter, increasingly more pop reforms have selectn place.1 Both countries aim contracts and they are important for doing business in both countries. Neither Korea or Spain has reinforcement to the type of legal system. The aegis of home rightThe definition of place right In economics, property usu solelyy refers to ownership (rights to the proceeds of output generated) and control over the use of the means of production. They whitethorn be owned privately, by the state, by those who use it, or held in common by society.2 The domain of a function property right office 2012 shows the differences between the countries and the countrys world ranking. conspiracy Korea and Spain are both in the top 40 of the index. Spain ended this course on the 35th place and second Korea on the 40th place. The overall lay down off all the points together we ignore say that Spain compared with Korea is expose in guard of property rights. In the figure on the next p suppurate we compare to the south Korea with Spain. The high the gradation the pause breastplate of property right. Property right is important for running a business because the weaken protect the better is the stability of the company.boilersuit score southwesterly Korea vs. Spain in the world-wide world index 2012The protection of dexterous propertyIntellectual property is a juridical concept which refers to creations of the mind for which sole(a) rights are recognized. Under bright property law, owners are granted certain easy lay rights to a variety of intangible assets, such as musical, literary, and artistic works discoveries and inventions and words, phrases, symbols, and designs. parkland types of intellectual property rights include copyright, throw brand names, patents, industrial design rights and in some jurisdictions trade secrets. 4 southbound Korea has an government ecesis called KIPO. This is the governmental authority in stimulate of intellectual property in Korea. The flush of KIPO is to help Korea become an advanced country by providing legal and institutional arrangement for the creation and utilization of highly creative, value-added intellectual property and by promoting technological intention and industrial development. In Spain the main law regulating intellectual property protection is the 1996 Intellectual Property Law. With regard to industrial property, no single law covers all aspects. Instead, this is regulated by a packet of different laws, including the Patent Law, trade mark law and the law on the legal protection of industrial designs5 In the worldwide property right index, in the south Korea and Spain score exactly the same and ends on the twenty-seventh place. There are 130 countries in the index so the both are trustful countries. CorruptionA country where corruption is low is a in truth important factor to choose for a country. Corruption cost a set of money and affects the company negative. Korea has an autarkic deputation against Corruption. The Korea Independent Commission Against Corruption is an independent commission that reports to the President in its stir up against corruption and the consequent promotion of the light(a) administration of South Korea. In a coordinatedeffort with other observe agencies, also known proverbially as watchdogs, the KICAC is involved in producing policies and orchestrating preventive activities.6 Spain has different organisations to fight against corruption. The Special Attorney ecumenics Office for the Repression of Economic Offences relate with Corruption(ACPO) is the biggest and well known organisation in Spain. 7According to the Corruption acquaintance index Spain scores better than South Korea. The Corruption Perceptions Index ranks countries/territories based on how corrupt a countrys public sector is perceived to be. It is a composite index, drawing on corruption-related info from expert and business surveys carried out by a variety of independent and good institutions. The difference between the two countries is not that big but Spain would be a saver option.Labour lawSpain and South Korea have both a minimum wage8. The minimum wage in Korea is commence than in Spain which is positive for the production costs. The maximal and average working hours in Spain are also lower than in South Korea. The maximum working hours in Spain are 40 hours a week and in South Korea 48. This is positive for the production because you buttocks have longer days and the costs are lower as well. constrained labor and child labor are prohibited in both countries. In Korea children under the age of 18 may work under certain conditions. In spain the minimum age is 16. To do so, in Korea they solicit a special conflict certificate from the Labor Ministry, which is rarely issued because culture is compulsory until the age of 14. Children under the age of 18 who wish to work require written approval from their parents or guardians.environmental lawSouth Korea is connected with the AECEN. This is the Asiatic surroundingsal Compliance and Enforcement Network and there is an agreement between 16 Asian countries dedicated to improving cooperation with environmental laws in Asia. The mission of the Ministry of Environment in South Korea is to protect the national territory from threats of environmental pollution andto improve the quality of life story for the public. This includes ensuring the people of South Korea can enchant the natural environment, clean water and open(a) skies. Furthermore, the Ministry aims to contribute to the global efforts to protect the Earth. In February 2008, the Korea Meteorological Administration became an affiliate of the Ministry of Environment to facilitate countermeasures against climate change In Spain the central government represents Spain in the European Union and transposes European legislation into Spanish law. It is responsible for adopting n ational legislation on the basic and common aspects of the environment. Both countries take the environment more than serious because it can effect business and people. The better and stricter the environmental law in the country the better and more effective you can erect your products. Nowadays the mission of most companies is to be green and fight against global warming. The regulations in Europe / Spain are more strict than in Asia what can be a reason to choose for Spain. The investment in expensive machinery and products to produce is maybe higher at the start but with better machinery companies can produce more cleansing agent and more effective.Referenceshttp//en.wikipedia.org/wiki/Judiciary_of_Spainhttp//www.korealaw.com/sub/information/boardView.asp?brdId=overview&brdIdx=1&gotopage=1&search=&search_string= http//www.nationsencyclopedia.com/economies/Asia-and-the-Pacific/Korea-South-WORKING-CONDITIONS.html