FDI THEORIES AND PRACTICE: THE CASE OF KOREA

• 발행기관: People & Global Business Association
• 저자명: Trevor Crick Suk H Kim Jane Oh
• 간행물 정보: 『Global Business and Finance Review』Vol.3 No.1, 57~62쪽, 전체 5쪽
• 주제분류: 경제경영 > 경영학
• 파일형태: PDF
• 발행일자: 1998.06.30

영문 초록

Prior to the Asian financial crisis of July, 1997, the Republic of Korea was the second industrialized country in Asia and joined the OECD in 1996, at that time its latest policy was to encourage Korean firms to invest abroad, recognizing a reduced role of its past successful export-oriented strategy. This paper attempts to find empirically the underlying motives for Korean FDI in the United States as well as for U.S. FD! in Korea. Data were gathered from a questionnaire survey of 63 Koreans (firm-owners, business professors, and Consuls) and 192 international business executives of U.S. companies that have invested in Korea. The results of the study show that: a) Korea seems to be in the final stage of the investment development cycle, b) Korean firms possess ownership-specific advantages in technology with respect to a number of key industries, c) they were motivated to exploit some location-specific advantages, and d) the pattern of Korean outward investment may suggest the value of Dunning's eclectic approach. For U.S. FDI in Korea, the two top motivations were "penetration in a growing market" and "anticipation of relatively higher profits." Lastly, to what extent the impact of Korean FDI as well as foreign investment in Korea in the past is linked to the recent Korean financial crisis is a very interesting area for future research.

목차

Abstract

INTRODUCTION

FDI THEORIES AND DEVELOPING COUNTRIES

STAGES OF THE INVESTMENT DEVELOPMENT CYCLE

MOTIVES FOR KOREAN FDI IN THE UNITED STATES

U.S. INVESTMENT IN KOREA

MOTIVES FOR U.S. FDI IN KOREA

FOREIGN INVESTMENT CLIMATE IN KOREA

FDI THEORY AND PRACTICE: THE CASE OF KOREA

CONCLUSION

REFERENCES

BIOGRAPHIES