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The changing terrain of international strategy for Korean multinationals

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  • Chang Hoon Oh

    (Simon Fraser University)

Abstract

Using the modern competiveness thinking of internalization theory, I elaborate on Hemmert’s (Asian Bus Manage 19:1–24, 2020) arguments about the international strategy of Korean firms and provide a newer set of firm-specific advantages (FSAs): cultural and locational proximity to South East Asian countries and China, organizational and individual competencies built on hyper-competition, and knowledge sharing and risk diversification. These FSAs are non-location-bound FSAs; thus, Korean firms will be able to utilize these FSAs in their international strategies.

Suggested Citation

  • 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.
    • Handle: RePEc:pal:abaman:v:19:y:2020:i:2:d:10.1057_s41291-020-00107-1
    DOI: 10.1057/s41291-020-00107-1
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    References listed on IDEAS

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    1. 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.
    2. Oh, Chang Hoon & Kim, Minyoung & Shin, Jiyoung, 2019. "Paths and geographic scope of international expansion across industries," International Business Review, Elsevier, vol. 28(3), pages 560-574.
    3. Martin Hemmert, 2020. "Does Korean-style management have a future?," Asian Business & Management, Palgrave Macmillan, vol. 19(2), pages 147-170, April.
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