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Korea's multinationals in a regional world

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  • Rugman, Alan M.
  • Oh, Chang Hoon

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.

Suggested Citation

  • Rugman, Alan M. & Oh, Chang Hoon, 2008. "Korea's multinationals in a regional world," Journal of World Business, Elsevier, vol. 43(1), pages 5-15, January.
    • Handle: RePEc:eee:worbus:v:43:y:2008:i:1:p:5-15
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    References listed on IDEAS

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    3. Chang Hoon Oh, 2020. "The changing terrain of international strategy for Korean multinationals," Asian Business & Management, Palgrave Macmillan, vol. 19(2), pages 171-174, April.
    4. Li, Jing & Oh, Chang Hoon, 2016. "Research on emerging-market multinational enterprises: Extending Alan Rugman’s critical contributions," International Business Review, Elsevier, vol. 25(3), pages 776-784.
    5. Glenn Parry & Oscar Bustinza & Ferran Vendrell-Herrero & Nicholas O’Regan, 2016. "Internationalization of Product-Service Systems: Global, Regional or National Strategy?," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 10(1), pages 16-29.
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    8. Jong Min Lee, 2022. "MNCs as dispersed structures of power: Performance and management implications of power distribution in the subsidiary portfolio," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(1), pages 126-155, February.
    9. Fastoso, Fernando & Whitelock, Jeryl, 2010. "Regionalization vs. globalization in advertising research: Insights from five decades of academic study," Journal of International Management, Elsevier, vol. 16(1), pages 32-42, March.

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