The Korean financial crisis: implications for international business in Korea

Kwon, O. Yul

doi:10.1080/10357820008713258

Cited by 3 publications

(1 citation statement)

References 7 publications

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“…The 1997 East Asian Financial Crisis (EAFC) hit the foundations of the developmental state (Kwon, 2000). Praise was replaced by accusations of inefficient state dirigisme, widespread cronyism and inadequacy for economies that had achieved upper middle income and high income status (Wan, 2008).…”

Section: Evolution Of the Korean Developmental Statementioning

confidence: 99%

The Entrepreneurial Developmental State: What is the Perceived Impact of South Korea’s Creative Economy Action Plan on Entrepreneurial Activity?

Pardo

Klingler-Vidra

2019

Asian Studies Review

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State support for start-ups and entrepreneurship is increasingly common, with governments worldwide experimenting with different initiatives to support innovative businesses. In this article, we conceptualise and assess the South Korean government's turn towards supporting entrepreneurship as manifest of what we label the entrepreneurial developmental state. Using the case of the Park Geun-hye's government Creative Economy Action Plan, we assess the effectiveness of the efforts on South Korea's entrepreneurial ecosystem from 2013 to 2017; we find that the Plan is associated with an increase in both the quantity and quality of entrepreneurial activity. To test for causality, we analysed the perceived effects of the Plan based upon primary research, and found that the private sector considers the Plan's impact to be mostly positive. This way, we provide new empirical evidence about the performance of the contemporary Korean developmental state, showing that modern industrial policy can be effective in promoting entrepreneurial ecosystems.

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Section: Evolution Of the Korean Developmental Statementioning

confidence: 99%

The Entrepreneurial Developmental State: What is the Perceived Impact of South Korea’s Creative Economy Action Plan on Entrepreneurial Activity?

Pardo

Klingler-Vidra

2019

Asian Studies Review

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Country-level antecedents of target firms’ post-acquisition business performance: A study of inbound Japanese and Korean M&As

Bebenroth

Hemmert

2015

Asian Bus Manage

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Congestion Ahead: Japanese Automakers in Southeast Asia

Noble

2001

Bus. polit.

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For three decades Japanese auto producers, supported by the Japanese go v e r nment, deployed with extraordinary success ma r k e t and nonmarket strategies to access the small an d fragmented but rapidly gr o w i n g car markets of So u t h e a s t As i a . The last ha l f -d e c ad e has pr e s e nt ed a series of unexpected challenges, including extended recession and nancial reform in Japan; the lingering effects of the nancial crisis in Southeast As i a ; an d the entry of ne w competitors from South Korea, North America, an d Europe. Th e s e pr e s s u r es ha v e split the industry into two. Leaders Toyota an d Honda ha v e defended and extended traditional Japanese pr od u c t i o n networks. Weaker players such as Nissan, Mitsubishi, an d Suzuki have accepted subordination to the leading western rms, which ar e rationalizing their Japanese pa r t n e r s an d us i n g them to enter Japan and ot h e r Asian markets. This article explores production, trade, an d investment data, industrial policies toward autos in Japan and Southeast Asia, and brief case studies of To y ot a an d Nissan to illustrate the challenges to, an d varying responses of, Japanese au t o producers in developingAsia. These rms remain committed to So u t h e a s t Asia, but the days of Japanese dominance are drawing to a close.

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The Korean financial crisis: implications for international business in Korea

Cited by 3 publications

References 7 publications

The Entrepreneurial Developmental State: What is the Perceived Impact of South Korea’s Creative Economy Action Plan on Entrepreneurial Activity?

The Entrepreneurial Developmental State: What is the Perceived Impact of South Korea’s Creative Economy Action Plan on Entrepreneurial Activity?

Country-level antecedents of target firms’ post-acquisition business performance: A study of inbound Japanese and Korean M&As

Congestion Ahead: Japanese Automakers in Southeast Asia

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