Problem
ST is a European-based country that manufactures ball bearings, chassis components for large trucks, and earthmoving parts. Since the early 1940s, the business has relied on ingenuity and creativity, allowing it to grow into a modern factory. Over 60% of the company's workers, including all the engineers, are over 50 with a further 20% over 60 years of age.
Your task: ST is planning to expand its business into the United States and South Korea. You have been asked to critically review their main challenges using PESTLE Analysis of the United States and South Korea for manufacturing ball bearings industries.