vol. 2019.7.11 목 09:51 updated
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Do you know about Indonesia and Myanmar?
2019년 07월 08일 (월) 18:31:01 GLOBE globe@jbnu.ac.kr
Do you know about Indonesia and Myanmar?

Yun Seung-hwan, Department of Accounting
   

Recently, many students are preparing for the CBNU self-designed competition (this competition needs to be explained). I passed this competition last year so my friends who are preparing for this program asked me a lot of questions about it and I tried to help them .
I remembered when I first vowed to prepare for it last year. I thought a lot about where to go and what to do. I recognized that many young people were going abroad to start blue ocean (this needs to be explained; what is blue ocean?), and eventually decided on the topic of 'Startups of young people spreading abroad.' I decided to sell Korean style meatballs, ‘dong-geu-rang-ddaeng’ with the help of friends of a local college in Indonesia who I had met while volunteering overseas. Since there isn’t much information about Myanmar, I got help from my university professor and a Korean entrepreneur whose Korean-style spa thrived in Myanmar.
However, not every plan was put into practice. On the first day, I missed my plane so the plan was delayed half a day and preparations for round-trip sales in Indonesia were also delayed. We went to a local market to buy ingredients for our sale and also got commercial rights for the Buah Batu Street on the same day and started to sell our products. Young customers were curious about Korean food, but older people showed reluctance. As a student of the department of accounting, the sales price was set in consideration of material costs, labor costs and manufacturing overheads, but it could not make a profit because we did not sell much.
Through this process, we realized that we had to move to Braga Street, which has a large number of young people and lower our prices by being competitive with local traditional markets rather than the more expensive supermarkets. This is certainly something to consider when starting a business. In addition, most Indonesians who do not eat pork were forced to limit the meat to beef and chicken.
In addition, I met and interviewed business administration students at Pasundan University in Indonesia. The reason I really wanted to interview them was that there was no company that came to mind in Indonesia, nor was there a prominent manager. So I wanted to ask students who usually go to business school what they thought about getting a job or starting a business. As expected, there were no companies we knew and Telcom was the most famous. So, of course, I heard that many people want to join the company. In addition, most business students have no intention of starting a business. Most companies are set up by foreign capital and college students are employed as simple laborers. Like Korea, wages are rising, but they are still lower than Korea's. Therefore, I thought that if you do business in Indonesia with good business items, you won't have to worry too much about labor costs.
Indonesia's schedule (I don't know what you mean by schedule) is over and, in conclusion, all of its schedules in Myanmar have failed. Both the university professor and the Korean businessman, who were scheduled to be interviewed, suddenly expressed their opinion that it was impossible. So I interviewed the manager of the store we visited as soon as possible. Fortunately, he was very interested in Korea and he wondered about his taste considering the increasing influx of Koreans as he was test-running a policy that allowed him to enter Korea without a visa for a year. They asked me a lot about what kinds of food do Koreans like, the service, and what we've been through since arriving in Myanmar. Two people, including a friend, ordered six kinds of dim sum, which cost 30,000 won in Korean money. I was embarrassed by the unparalleled prices on the streets, but it turns out that the cost of setting up a store was so high that the cost of food was also high. Therefore, this should be taken into account when starting a business in Myanmar, especially since it is a country that does not yet have much information available to people outside the country.

   

I tried to cope as well as I could in various situations and was able to return to Korea safely. Although I was interested in starting a business, it was difficult to implement it overseas. I wouldn't have done these things simply if I had just gone for a trip, but I was able to learn a lot about these things thanks to Chonbuk National University.
The schedule in Indonesia was a country that could not and probably wouldn't have thought about it without local friends. (This sentence is too difficult to understand. What do you mean by schedule?) So it seems Myanmar's schedule has failed. The information we can gather is scarce and we contacted a local Korean reporter to get more information and prepared it. However, planning was not as easy as I thought and contacting professors and businessmen was also difficult. Such a local project will be important, but the most important thing is the "post-plan." Through this self-designed program, I had to think about what I would do and how I would grow myself. Although the process of preparing this project was very hard, I hope there will be good results for many students preparing for this program.

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