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The Destination of Outward FDI and the Performance of South Korean Multinationals

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  • Hongshik Lee

Abstract

This paper examines how the destination of outward foreign direct investment (FDI) affects South Korean multinational parent firms. We categorize host countries into those that are developed and those that are less developed. We find that destination matters for employment and capital intensity. FDI into less developed countries is negatively associated with a firm's employment and positively associated with its capital intensity. However, FDI into developed countries does not seem to matter: the parent firm's activities do not change significantly after FDI has been made. These results may indicate that Korean FDI into less developed countries is a relocation of production lines to overseas affiliates and FDI into developed countries is done to extend markets.

Suggested Citation

  • Hongshik Lee, 2010. "The Destination of Outward FDI and the Performance of South Korean Multinationals," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 46(3), pages 59-66, May.
    • Handle: RePEc:mes:emfitr:v:46:y:2010:i:3:p:59-66
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    Cited by:

    1. Vera Silva & Rosa Forte, 2018. "The Impact of Foreign Direct Investment on Home Country Exports," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 9(01n02), pages 1-22, February.
    2. Soomin Han & Sunghyun Kim, 2023. "Does outward foreign direct investment improve the performance of domestic firms? Case of Korea," Asian Economic Journal, East Asian Economic Association, vol. 37(4), pages 519-549, December.

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