Growing Korean SMEs and startups amidst its chaebol-centered economy
7 October 2024 — The dominance of conglomerates in the Korean economy is holding back the growth of SMEs and startups, which in turn is slowing future economic development. Structural reforms are, therefore, necessary to unlock the potential of the smaller players in the Korean market.
Understanding the potential in Saudi Arabia's growing cruise market
13 September 2024 — Saudi Arabia’s cruise sector is booming under Vision 2030, opening lucrative opportunities for global cruise operators, shipbuilders, and cruise passengers across the value chain. Discover what is driving this growth.
Perspectives on the Korean market and its future development
12 August 2024 — Dr. Per Stenius, Client Director at Reddal, recently appeared on The Globalists, a program on Arirang TV that explores the experiences and perspectives of global opinion leaders.
Prospects in shipbuilding for South Korea and Japan amid the US and China scrutiny
8 May 2024 — Following the recent investigation by the US into alleged unfair Chinese economic practices in shipbuilding and maritime logistics, the dynamic of the global maritime industry is expected to shift. This action could inadvertently provide an opportunity for South Korean and Japanese producers.
South Korea – an interesting market for European companies
26 April 2024 — Despite slower growth in recent years, Korea remains a major economic force. As more foreign companies are engaging with Korea and Young Korean firms are also networking globally, the Korean market is become increasingly attractive and accessible to international, especially European, businesses.
Bringing agility to a traditional PMO to thrive in volatile situations
21 March 2024 — The program management office (PMO) has long been essential for large-scale programs and transformations. In this article, we provide a blueprint for integrating the latest best practices, with the advances in agile and lean methodologies, into a traditional PMO setup.
Korean economy and the role of its SMEs
8 March 2024 — For Korean SMEs, expanding domestically and internationally is vital to the country’s economy. To realistically succeed overseas, SMEs need to carefully analyze local markets and seek proper support to surpass cultural and language barriers.
Optimizing working capital in a downturn for resilience
18 December 2023 — Many companies struggle to free up cash via optimizing their net working capital (NWC). This article outlines a pragmatic process for optimizing NWC, adding practical key considerations. A systematic process is essential to free up cash reserves and shift from passive monitoring to active optimization.