Korean Job Discussion Forums

cornholio1 · Joined: 26 Apr 2007 Location: Bupyeong

I would like to oranize a business here in Incheon. It wouldn't be anything major just a hangout spot. A place (other than goose goose) for us foreign nationals (not foriegners haha) to hang out. It would have a kitchen and bar with good music and clean air. Deffinitely not in the basement. Right now, startup capital is the problem. I am sure that there are others out there like me. If you would like to help organizing something like this let me know. Maybe we could get it started together.

Captain Corea · Joined: 28 Feb 2005 Location: Seoul

Are you actually thinking of starting it as a business?

Have you ever started a business in Korea before? Are you legally able to?

cornholio1 · Joined: 26 Apr 2007 Location: Bupyeong

Yes I am to both of your questions. Legally I have an f-2 visa and I am really looking to with the right group of investers. not just for money, but a good environment for other foreign nationals.

Are they the lemmings · Posted: Fri May 04, 2007 2:41 am Post subject:

Not sure if this will help, but it seems there are like-minded people out there.

Cohiba · Joined: 01 Feb 2005

I would say that opening a business that caters to foreigners has
about a 10% chance of lasting the first year. Do you remember
that other bar that challenged the Goose? The one that was below
it? It died a horrible death. One of the reasons for that bar's demise
was that there was nothing new. Same old crap with a few hockey
jerseys on the wall. But, I would say the biggest reason that bar went
nose-in was there was a lack of young, available Korean women.
So you REALLY NEED things that appeal to young Korean women.
(kimchi, K-Pop etc.)

Rule 1

Men go where the women are.

One thing that Incheon really needs, for koreans and whities alike, is
a decent microbrewery. Get one of those going and the sky is the
limit.

Rule 2

Men go where the good beer is.

I would say to open a decent place that impresses people you would be
looking at 300,000,000 to 500,000,000 in an initial capital outlay.
Couple this with a fresh idea like a European interior, soft lighting,
stucco etc. To open a microbrewery you would need the amount
above plus probably, at least another 500,000,000 for the gear.

Rule 3

It takes money to make money

Anyway, I wish you luck. But like I said, I wouldn't touch it with
a 3.3 meter pole.