South Korea is one of the developing countries in Asia. Besides China and India, the country has a wide spread history which is found in its culture and customs. In the past the country faced lots of economical challenges but due to growth of several sectors in the area, the country has got a great economical health. At present, the country stands among the leading countries of the world.

Confucian Concepts of Etiquettes:

Confucius is one of the major trends to do business in South Korea. Confucius refers to the system of political and social ethics by a Chinese Philosopher emphasizing order, moderation and difference between superiors and sub ordinates. The business relationships in South Korea are formed with respect to the maximum age, best education and authoritative skills and capabilities. Korean business person will ask you about many facts such as marital status, age, qualification, educational grades, experience and many other things before making business interactions and relationships. Their queries will also inform how they are treating you.

Secured Relationships:

South Korean people avoid doing business with strange people. Unless, they do not trust you or do not have close and secured relationship, they would not share any data or information related to their company. Number of non-business conversations and interactions will help to get acquainted with the business people and to build a trustful relationship. These little talks will also help you to decide whether to start business with the related company or person or not. And also satisfy their queries in deciding to form business connections.

Socialization:

The best way to know the business people and their concerns is to socialize with them outside of the business departments and companies. Lunch, dinners, shopping and other informal occasions are very helpful to know each other personally and to understand their demands and concerns.

Business Punctuality:

South Korea is one of the countries with the good sense and implementation of business punctuality. Arriving in meetings and business conferences is one of the way of punctual business processes. Moreover, in South Korea the trend of business cards is very common. Business cards are the great source of information of the person you are meeting for business concerns. Information including your title, educational qualifications, your current position and requirements can be understood very easily through business cards.

The Bow and the Handshake:

It is the custom of South Korea to bow or shake hands and a symbol of respect by South Korean people. If you are meeting someone who is elder than you, it is customary for you to begin the bow. Shaking hands with both hands is regarded as a sign of respect.

Investors are looking at the trends of the South Korean market. The country welcomes the investors for investment in several sectors like agriculture, mining, fishing, automobile, electronics and manufacturing. It is good way of investment for investors to get interested in the South Korean finance market and get a huge result.

The Chinese economy is the second largest in the world and this offers many beneficial offers to business entrepreneur from the western world. The current economy of the country makes it the most ideal for young western business men and women. The best business ideas to incorporate in the country stems from those of the western world and modified to bettersuite the culture of the eastern world.

The education field is dominated by the Universities in China however, there is great opportunity for foreign educators and education providers. You will need to get proper licensing for the ministry of education of the country but this can be easily accomplished with the aid of a Chinese partner. This vast amount of plenty as it relates to opportunities not only exists for the entrepreneurs of the education field but also for many other small business owners. Small wine companies will succeed in this economy. The Chinese market for wines has recently seen an increase in the accessibility of foreign wines. The Chinese people have not yet become very picky about the wines they partake of.

Many of China's people are becoming city dwellers looking to enjoy what tech and the twenty first century provides. This leads Chinese people to migrate to their cities. It also creates a need for more convenient food and the quality of brand names. This open up the market for processed food importers. There is also the need for green tech and materials regardless of the country having the world's largest construction industry. The country is a leader in the solar energy game.

The Chinese population is quite aged and this creates the need for better medical devices. Foreign entities that supply medical devices of the highest tech have found a very lucrative market in this country. The major problems that these providers face is the intellectual property and registration of products and the pricing of those products. China tops the Asian travel market and it is growing exponentially. The government of the country has extended the tourist season in hopes of attracting more visitors and providing more opportunities for travel.

The economy of China can be described as explosive and as such, business owners may need the aid of consulting firms and consultants. The aid needed may include human resource, investment and legal consulting. This is a first in the country's history as their former economy had no room for this. The resources native to the land are still hard to come by. The booming economy of the country creates a need for high tech security. The providers of high tech security systems also have very lucrative opportunities for great business success.

The aviation sector of China's government is expected and predicted to purchase over four hundred and eighty billion dollars' worth of aviation equipment.Manufactures of aviation parts will have a market that they will reap success created by the purchase forecast of the country's aviation sector. Chocolate is a treat that the entire country enjoys and very picky about. The business of chocolate as it relates to the Chinese government is a booming one with customer looking to satisfy their desire for chocolatey delights. Products of every quality have found a place in this countries market. The importers of this delicious treat have a market to do business that is so radical it is open to almost every and any professionally created chocolate product.

The economy of china is one that is so diverse that it is virtually compatible with the businesses of the western world. There are a few things to consider when preparing to do business in the Chinese economy. It is important to study and accept the business practices of the country. You have to ensure you have a government approved plan of business. Ensure you partner up with someone from the country to make transition of your business smooth and effortlessly. It might be time consuming to trademark but you should do so to your ideas and may be the most important thing is to hire locals with all types and needed experiences. Patients will be a determining factor in your business' success in this country still so governed by tradition. Any attitude that will contradict the rules of the nation will only serve to ensure any and all your business ventures fail.

Located in an undisclosed section within London is Europe's biggest and heavily protected gold vault. Its security is the best in the world and known to investment circles as the mini version for Fort Knox. Its roof is secured by electrified currents that can hold back all forms of assault and thievery. It has blast doors able to withstand grenades that are of military grade and with the firepower of a rocket launcher. It has state of the art fingerprint sensors able to detect blood flows within your veins and body system. The gold vault once belonged to Barclays who was the rightful owner of the vault for 4 years.

For a period, ownership of the vault was transferred to the overseas representatives for China's ICBC Standard bank in 2016. The vault has a storage capacity of $80 billion worth of gold bullions. Barclays handed over the keys after conclusion of the deal. None of the terms, pricing arrangements and deal details were disclosed to the public and remain a closely held secret. It is within Barclays strategy to slowly offload assets related to the commodities business in order to focus on its core commercial banking activities.

ICBC Bank, the Chinese national bank sought to purchase the facility in order to facilitate expansion plans and reach to the heart of London. Their aim is to solidify its status and force as a main price setter for various rare earths commodities right from gold up to nickel. London has long been the traditional gateway for trading gold bullion and has remained as the capital for hundreds of years. The physical trading for precious metals hub will remain in London despite rumors speculating the shift in demand to eastern world. Precious metals investors' number one concern is safety of their physical gold under their name, as commented by former executive for Barclays commodities section. London is the prime place for gold storage which offers highest safety and ease of mind.

There has been more than $5 trillion worth of transacted gold volume cleared in London alone, with increasing volume year on year over past years. ICBC officially became part member for e-clearing system mainly in the precious metals trade located in London, one of the first new member since 2005. ICBC Standard commodities head Mr Mark Buncombe commented that gaining membership status will spur better execution of the bank in the precious metals trading market. London has been the main physical gold trade clearing hub. However, China became the globally largest gold consumer, surpassing India who long held the pole position. Shanghai Gold Exchanges recently launched a brand new benchmark pricing to go head to head with London Gold Price standard.

Many western banks were cutting back on commodities trading business segment due to increased regulatory burden from various banking regulators since the global financial crisis. Barclays had once been fined 26 million pounds about 2 year back by UK financial authority due to manipulation of gold bullion price setting mechanism by one rogue trader. It is a serious manipulation due to the widespread reliance on the price by parties ranging from established banks to jewelers in the gold trade.

A complete overhaul was made to the 100 year old gold price setting system and transition was made to the digital world. UK regulatory bodies now heavily regulate the gold and silver pricing benchmarks. Barclays has been mulling a potential sale for the precious metals enterprise segment and are evaluating proposals from multiple fronts. It is no longer a potential viable profit generating business segment and Barclays will be willing to offload the businesses should an attractive offer come by.

ICBC Standard Bank is a leading financial markets and commodities bank that benefits from its unique Chinese and African parentage. We provide a strategic global markets position and an unparalleled level of expertise.  Headquartered in London, ICBC Standard Bank Plc also has operations in Dubai, Hong Kong, Shanghai, Singapore, New York, and Tokyo.

On 1 February 2015, Industrial and Commercial Bank of China Limited (ICBC) acquired a controlling stake in Standard Bank's London-based Global Markets business. The acquisition included Standard Bank Plc, the Standard Bank Group's UK subsidiary and the primary legal entity in the UK, as well as other international operations. Standard Bank Plc was subsequently renamed ICBC Standard Bank Plc to incorporate the new parentage.

The union of ICBC and Standard Bank creates a platform to serve the growing demands of Chinese clients for global commodities, fixed income, currency and equities products while continuing as a distribution platform for African risk.

In December 2017 foreign ministers of Russia, India, and China met for their fifteenth ministerial trilateral meeting in New Delhi. They want to boost further bilateral relations and trade.

China, India and Russia economic influence has been on the rise. Along with another emerging economy Brazil, China as well as India will attain the status as global dominant suppliers for manufactured goods as well as services, while Russia and Brazil plays a key role as raw materials suppliers for the upcoming decades to come. Russia became a key exporter of energy as well as military supply for India and China. Efficiency of trade is achieved due to close proximity between the 3 powerhouse nations. For years they have forged a beneficial trade partnership for all parties. Overall economic growth within Asia was spurred by the economic trades and partnerships. It is imperative for the economic partnership to remain solid for many years to come in order to power up growth for the whole Asian region. Did you know BRIC is an acronym for countries of Brazil, Russia, India and China.

China and Russia trade relationship have come a long way. In 2009, Transneft, the government owned monopoly for state oil pipeline, declared that the 2 countries had signed a 20 year energy deal worth $25 billion that will see Russia supplying fifteen million tons worth of oil and China in return providing government loans. OAO Rosneft and Transneft will be the loan benediciaries with each receiving $15 billion and $10 billion respectively. The pipeline stretches from west of Siberia, about 45 miles up north from China Russian country broders. China views the deal as being able to reduce oil import risks. Vladimir Putin commended on the deal as a win for steady oil market for Russia. Russia is on track to be China's largest supplier for energy within the coming 10 to 15 years as commented by Vice Prime Minister for Russia. The deal will catapult Russia as the biggest oil market in Asia.

India and Russia were established trade partners for many years. India has been sourcing military weapons from Russia, which includes planes, tanks as well as nuclear power. India's economy is powered by the services sectors and lacks natural resources. India will need 3 times the amount of oil it currently consumes. It needs new energy source and supplies or else its economic growth will stutter. India has partnered with Russia for its oil supplies and Russia is also dependent on India for steady oil and military contract revenues. It is estimated that total exports for military items and goods totaled $35 billion over a span of 40 years. Russia and India share military intelligence and technology for mutual benefits via production and sharing agreements. The latest venture is partnership to produce fighter aircrafts that will last for 50 years. The ultimate aim is to develop cutting edge technology and to greatly cut down production costs in order to mass manufacture the jets. It is currently developing the 5th generation aircraft and good progress has been made.

China, India and Russia's influence on the global scene cannot be underestimated for the coming years in the future. By 2050, together with Brazil, these 4 economies will be richer than current superpowers in the West. Each country has their strengths and unique growth engine. China's large surplus in its current account, Russia's abundance of raw materials and India's professional and well established services sector especially IT software and technology are prime evidence of focusing on their existing specializations and grow as a whole by fostering solid partnerships in economic terms in order to promote smooth trade and deals.

It is a matter of time before the 3 nations powers the growth for the whole world. They are becoming more dominant and have the capability to produce quality goods for the benefit of consumers worldwide.