THE CHUN-GANG EXPORT COMPANY -Business Correspondence-

Abstract

The Chungang Export Company with its principal offices in Seoul, Korea, has a worldwide export network principally for the export of Korean textiles. Since the beginning, sales have been high due to low labor costs in Korea which resulted in low export prices.. Chungang employs about 20 office workers (secretaries, errand boys and girls, etc.) and 10 managers and staff workers (economists, marketers, etc.), In short, business has been' very good.

The one problem that Chungang experienced over the last few years was the import surcharge on textiles imposed by the United States-Chungang's and Korea's largest trading partner. However, this was not it major problem due to the fact that while prices for Chungang's exports were forced up they were still more than competitive III the U.S. as well as the world market.