Procedures to follow when exportingHaving established that South Korea is an economy with an increasingly liberal economy, there are certain problems for foreign direct investment, mainly due to lack of transparency and heavy regulations. (Heritage Foundation). In order to go further and carry out a comprehensive analysis of the business environment, it is necessary to compare commercial procedures when doing business. As an industry, the procedure of importing foreign goods will be analyzed and compared with that of neighboring countries in order to have a comprehensive overview of the business environment. First, the country of interest: South Korea. When it comes to importing foreign goods, South Korea has a relatively quick and simple process. Import procedures are estimated to take 7 days (2 days for each: document preparation, port handling and inland handling and approximately 1 day for customs clearance). The cost of the procedures for 7 days is estimated at $790 (World Bank Doing Business, 2011). This information, at first glance, seems positive. The procedures are quite quick and the cost of $790 is not an absurd amount paid to import goods. The bureaucracy is simple. The necessary documents are: bill of lading, customs import declaration and terminal handling receipts (World Bank Doing Business, 2011). Corruption Perception Index The latest Corruption Perception Index compiled by Transparency International in 2008 includes five data sets. These include: Corruption Perceptions Index (CPI) 2008 score, number of surveys used, standard deviation, high-low range and confidence range. Before data analysis, it is important to understand what each...... middle of paper ......). The Heritage Foundation gave South Korea a very low score of 55 out of 100, which could imply that corruption is widespread and there is still a long way to go to achieve a positive rating. (Heritage Foundation, 2011)10) Freedom of workFreedom of work has the lowest score of 46.5 out of 100. This shows that there are various problems when it comes to work, a clear example is the very high cost of dismissal of an employee while the non-wage costs of employing a worker are moderate (Heritage, 2011). In conclusion, the country's overall freedom is relatively positive. The Heritage Foundation's ratings are quite high, mostly above the global average. Furthermore, government involvement in business is quite low compared to other countries and, at least, it is not so widespread that investors would hesitate to go into business..