entrepreneur Korea

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Looking Back on 2017

2017 was quite a year for me. I just went all in on Flower Gift Korea a month before the year started, after running an Engish Gyosoopso located in Seoul with my wife for close to four years. Even though my flower business technically started in April 2016, it was just a side business at the time.
Looking back, it was a little risky to leave a business that allowed me to make a living, but my wife and I both knew that once February hit, we would see a spike in sales, which was actually the case. From February on, our sales month to month were good enough to help us keep enough money to survive, save some money, and help chip away at our loans.
2017 was also the year I started this blog and podcast. Even though I haven’t been creating much content for Entrepreneur Korea recently, I still

I am not You, You are not Me

So one of the things I truly love about working with my wife is that we can have lunch together. Not too long ago, we went for Kimchi Jiggae. The place we usually go to is called “Baik Chae” (백채). I really like this franchise because they give a lot of meat. And we usually get the size that is for two people, which comes in one bowl. The bowl is filled with meat, broth, tofu, kimchi, and some other vegetables. Oh, and we add some noodles for 1000won, which is well worth it.
For the longest time, I noticed my wife only eating half the tofu in the bowl. The tofu is her favorite part of the kimchi jiggae, but why was she only eating half? Well the answer is very simple, she didn’t want to be selfish and wanted to share the best part of the soup. And whenever

EK006: Kimchi Socks Owner Jason & Being an Entrepreneur in Korea

Subscribe to the podcast on: iTunes
In this podcast episode, I hang out with Kimchi Socks Founder and Owner, Jason V. Holmes. I had a lot of fun in this one as you can tell by all of the laughing in the episode. We get to hear Jason’s perspective on entrepreneurship in Korea, some insight, as well as why he came up with the name, “Kimchi Socks”. He shares a lot about “Drive” and shares a lot of his experiences networking and doing business in Korea as well as coordinating with his team in the US. His insight will help you in your entrepreneur journey in Korea. Here are the personal questions I ask him, followed by some show notes:
Q1. If you could spend a three day vacation in Korea, where would you go and why?
Q2. What is one Korean food you like and one you aren’t so much a fan of.
Q3.

Chuseok Is Way Too Long For Some of Us Business Owners

Chuseok is Korean Thanksgiving and for the year 2017  most people get literally 10 days off! Like amazing right?! Well, if you were to ask me in 2011, then I would say, “Best thing ever! I get paid vacation and I can visit another country!” Well, that’s when I was working for a public school teaching as a Native English teacher in Seoul, South Korea. But what about now? Nope, not for me, not anymore. I rather it just be normal working days.
I no longer am an employee of a company, but I do believe employees of businesses do deserve a break, but 10 days off for most companies is not really a good thing for the Korean economy. It only benefits the places where people go during Chuseok and if anything, a lot of the small businesses suffer.
My business, Flower Gift Korea actually lost some sales because of Chuseok. We

EK003: Paul Carver and The Seoul Global Center

Subscribe to the podcast on: iTunes
In this podcast episode, I was able to spend some time with Paul Carver, who is a professional working at the Seoul Global Center. The Seoul Global Center offers a lot of FREE resources for foreigners living in Korea, especially those who are looking to start their own business. We start the podcast with a quick intro from him and then follow up with 5 fun non-Entrepreneur related questions. I had a really good time because I was able to get to know Paul more as a person and not the Director of The Seoul Global Center.
Q1. On your day off, what is one thing you really enjoy doing and why?
Q2. What is one Korean food you like and one you aren’t so much a fan of?
Q3. Let’s say someone gives you 100,000won and you have to spend it. How would you spend the money?
Q4. Is there are a

Do You Want to Teach English in Korea Forever?

I first arrived in Korea in 2007 when I was teaching outside of Seoul in a public school. It was my first time to Korea as an adult and I was going to teach one year of English as the Native English Teacher at Ipjang Middle school, which was located a little outside of Cheonan, which is in Chungnam. I was really excited and nervous since I didn’t know what to expect. One of the things I do remember was meeting one of the many teachers who was on the same orientation trip that I was on. What I remembered the most was one conversation we had while all of us Native English Teachers were having dinner. We didn’t really get too deep into a conversation, but It was a simple short conversation, which started off with me asking him the following question, “How long have you been in Korea?” And

Entrepreneur Korea Lifestyle

You Come First In Your Business In Korea

When I was in my third year of university, I met a missionary couple who were visiting Toronto for a few weeks. They so happened to stay a night at my uncle’s house when I was living in one of my uncle’s rooms. So my uncle introduced me to the missionary couple who had been living in Turkana, Kenya for close to 20 years. The missionaries showed me a CD, which explained the work they were doing. At the time, I was really involved in church and even contemplated becoming a missionary one day, so watching the video on the CD really ignited something in my heart. In the end, I ended up volunteering about 3 months with that missionary in Kenya. It was an awesome experience and I believe I received more than I gave. The missionaries were very accommodating, the people there were very friendly, and I had

Flower Gift Korea

Flower Gift Korea is Not Going to Survive

So one day, I was away from my flower shop in Korea making deliveries, when one of our flower suppliers stopped by our shop. He came with a box of 12 fruit juice bottles. You know, the ones that come with like 4 apple juice bottles, 4 orange juice bottles, and 4 grape juice bottles. So it’s like Korean tradition to give small gifts to business partners to keep the relationship strong. And I guess he came by because we hadn’t been going to his stall at the flower market as often as we did in the past. I think he wanted to see if we were buying flowers from another merchant or something haha. And to be honest, we were. We still went to this merchant to buy whatever flowers we could because he and his wife has been really good to us. Also, he usually gave us good

What Happens When You Don’t Register Your Business in Korea

*Disclaimer: This information is just what I know from reading books and from personal experience. Laws and policies can change year to year, so please remember that I am not a professional and information on this page is meant to give you an idea and may not be up to date.*
Is it Necessary to Register your Business in Korea?
In short, yes, obviously, but what if you only sell things occasionally on Naver Store Farm or Gmarket? What if you occasionally sell some baked goods to friends? Do you really have to register yourself as a business? What if your friend occasionally asks you to babysit his dog for 5,000won an hour? Do you really need to go to the tax office and register yourself as a dog babysitting business? Well, the simple answer to all of this is, no. If you are selling something (or your time) occasionally, then it isn’t necessary,

May 2017 Review

Quick Summary:

Entrepreneur Korea Website Updated
New Flower Gift Korea Etsy Shop Made 
Flower Business Sales Target $15,000 US Sales – Not Met
Flower Business Minimum $5000 US Sales – Surpassed
Other Businesses and Projects
Goals and The Big Picture for June 2017

So here is my review for the month of May, 2017. It is still quite simple, but hopefully I can improve it as I write it monthly.

Entrepreneur Korea Website Updated

I originally used an old theme for this website, which I bought a long time ago. However, the theme wasn’t great. One of the problems was that the feature image looked really blurry in the mobile website version. So I went to themeforest.net, which is a website that has everything you really need to build websites/blogs online. It is a site where you can buy themes, plugins, graphics, etc. I have used this website to purchase my theme for the Flower Gift Korea website and my Hagwonstart.com website. The theme