Korea's multinationals in a regional world

Rugman, Alan M.; Oh, Chang Hoon
January 2008
Journal of World Business;Jan2008, Vol. 43 Issue 1, p5
Academic Journal
Abstract: Basic theory suggests that multinational enterprises (MNEs) succeed when they develop firm-specific advantages (FSAs). In Korea, large MNEs, mostly chaebols, have built successful knowledge based FSAs. They are also utilizing scale economies based on Korea''s country-specific advantages (CSAs) in skilled labor and a supporting government. In the empirical work, we find that the Korean MNEs use their FSAs to operate mainly on a home region basis, much like the world''s other large MNEs.


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