Mncs' Perception On The Feasibility Of South Korea As A Business Hub Of Northeast Asia
Since the financial crisis of 1997, the South Korean government has moved towards a new market-driven paradigm of economic growth based on foreign direct investment (FDI) replacing the decades old state-driven economic growth model. One of the attempts made by the government is its ambition to tr...
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| Format: | Article |
| Language: | English |
| Published: |
Asian Academy of Management (AAM)
2004
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| Subjects: | |
| Online Access: | http://eprints.usm.my/35837/1/AAMJ_9-2-6.pdf http://eprints.usm.my/35837/ http://web.usm.my/aamj/9.2.2004/AAMJ%209-2-6.pdf |
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| Summary: | Since the financial crisis of 1997, the South Korean government has moved towards a
new market-driven paradigm of economic growth based on foreign direct investment
(FDI) replacing the decades old state-driven economic growth model. One of the
attempts made by the government is its ambition to transform the nation into a business
and economic hub of Northeast Asia. However, despite the growing concern on the topic
among government agencies, media, research centers and academia, the absence of a
cohesive and realistic approach to the issue is a relative void in the literature. This
paper, which is based on findings from interviews with foreign companies operating in
Korea during 2002, offers a cultural and institutional insight into the critical and often
invisible issues to be considered for a successful realization of the vision. |
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