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International Business in Korea

The Evolution of the Market in the Globalization Era O. Yul Kwon, Beedie School of Business, Simon Fraser University, Canada
The study assesses that the South Korean market and business practices will maintain some sui generis characteristics because of the country’s idiosyncratic culture and singular form of institutional development in the recent past. The book contains comprehensive analysis of macro-level topics (such as business opportunities, cultural influence, country risk and market configuration) and micro-level topics (including business negotiation, business ethics, management of international joint ventures and the management system).
Extent: 288 pp
Hardback Price: $136.00 Web: $122.40
Publication Date: 2008
ISBN: 978 1 84720 570 4
Availability: In Stock
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  • Asian Studies
  • Asian Business
  • Asian Economics
  • Business and Management
  • Asia Business
  • International Business
  • Economics and Finance
  • Asian Economics
O. Yul Kwon uses an institutional framework to provide a comprehensive evaluation of the environmental and operational dynamics of international business in South Korea from the rapid growth period 1963–1996, through recovery from the 1997 financial crisis, to the present.

The study assesses that the South Korean market and business practices will maintain some sui generis characteristics because of the country’s idiosyncratic culture and singular form of institutional development in the recent past. The book contains comprehensive analysis of macro-level topics (such as business opportunities, cultural influence, country risk and market configuration) and micro-level topics (including business negotiation, business ethics, management of international joint ventures and the management system).

This book delivers a wealth of valuable information for a scholarly audience including undergraduate and postgraduate students and academics in international business, as well as for firms considering market entry into South Korea.
‘This book is an important contribution to the international business literature because Kwon examines the institutional changes and reforms in Korea in a comparative way by discussing the issues before and after the 1997 East Asian financial crisis. The business world is going through a major transition. Global changes are happening on all business fronts from information technology to management processes. In this book, the author has used his rich professional background to present the evolution of international business in Korea. . . this book has much to offer to scholars, including undergraduate and postgraduate students, and those seeking to understand the Korean way of international business in considering market entry into South Korea.’
– Güldem Gökçek, Asian-Pacific Economic Literature

‘. . . the book is rich in information and clear in writing style. The book is highly recommended for anyone who cares about the business environment in Korea and for all those who are considering investing in Korea or entering the Korean market.’
– Semoon Chang, Pacific Affairs
Contents: Preface Introduction Part I: The International Business Environment in Korea 1. Business Opportunities: Korea’s Economic Prospects 2. An Assessment of Political Risk of Korea: Inter-Korea Economic Relations, Politics and State–Business Relations 3. Korean Society and Culture in Transition 4. Configuration of the Korean Market in Transition 5. Foreign Direct Investment in Korea: Changes in the Regime and Prospects Part II: Business Operation and Management in Korea 6. Business Negotiation in Korea: Cross-Cultural Aspects 7. Business Ethics in Korea 8. The Korean Management System in Transition 9. Korea’s Labor Market and Human Resource Management in Transition 10. International Joint Ventures in Korea: Salient Characteristics and Management Index