1. What institutional factors are driving changes in Korea business culture?

One of the major changes in the Korean business culture is their attitude towards work environment. Previously before Asian economic crisis of the late 1990s, people were more into collectivism whereas fall in economic crisis has led into individualistic working style. The workforce is competitive and are comes for more challenging job rather than dull work of typing data. 2. How can organizations in a culture that values respect for age differences manage the changes that occur when organizational necessities require that younger managers supervise older managers? The changes can be managed in various ways some of the approach to manage these changes are: Building a comfortable zone whereby different level of people can have common ground to share, discuss and transfer knowledges among each other. Training the different levels of staff regarding value and its importance in organization and importance of various level of employees weather be it younger managers or the older mangers. Creating informal hierarchy can be another approach to tackle with the change. Open communication and informal communication channels, socialization events and various outdoors events can create strong bond between the different levels of employee creating synergy effect in the work place.

3. How will Korean companies manage more individualistic employees without losing the competitive advantage of a loyal work force? Korean companies can manage more individualistic employees without losing the competitive advantage of a loyal work force by following ways:

Imparting proper retirement plan for the older generations and giving more and extra benefit which eventually persuade them voluntary retirement. The other approach can be key position to old managers and keeping key advisory position to young people. Delegating responsibility to different levels of people like technology related issues should be delegated to young people since this nature of work requires quick upgrade and continuous up to date with the technology and so on.