1st Edition
Routledge Handbook of Korean Business and Management
This Handbook, authored by a stellar line-up of international contributors, explores the diverse phenomena and issues surrounding the Korean business and management world.
Offering insights into trends, challenges, policies, and initiatives of corporations and government and providing a nuanced portrayal of Korean business dynamics, the Handbook’s approach is centred around 4 key themes:
- Examining the roles played by the government and markets, including labour and financial markets, in Korea’s economic progression.
- Addressing macro and micro issues in Korean business and management such as business groups, business-government relationships, corporate governance, corporate strategy and globalization, human resource management, employment relations, and chief executive officer (CEO) compensation.
- Scrutinizing current phenomena by bridging the past and future, exploring mainstream and emerging business issues such as corporate social responsibility, environmental, social, and governance issues, start-up businesses, diversity and inclusion and the impact of the fourth industrial revolution.
- Emphasizing the interplay between agents, structures and institutions.
Delving into the intricacies of business and management in a Korean context, this Handbook will be a valuable resource to students and scholars of international business and management, with a particular focus on Asia and Korea.
1. Setting the Scene and Overview
Chris Rowley, Johngseok Bae, Heechun Kim and Hicheon Kim
2. Labor market and Korean workers
Young-bum Park
3. Capital Market and Capital Formation in Korea
Hongbok Lee and Soon Suk Yoon
Part 2: Macro Issues in Big Business Groups
4. The Corporate Governance and Practices of Korean Companies
Kyung Suh Park
5. Korean CEOs from a Governance Perspective: Historical Paradigm Shifts in Group Governance-CEO Models in Chaebols
6. Business Groups in Korea: Past, Present, and Future
Hicheon Kim, He Soung Ahn and Juhee Kim
7. Government–business Relations in South Korea, 2000 to 2022: An Institutional Perspective
Joohan Ryoo
8. The Strategy behind the Global Success of Korean Firms: Applying the ABCD Model in Practice
Hwy-Chang Moon and Wenyan Yin
9. Catch-up Strategies of Korea Big IT Corporations
Jae-Yong Choung and hye-Ran Hwang
10. The Rise of Two South Korean Multinationals: How Samsung Electronics and Hyundai Motor Built a Competitive Advantage by Closing the Capabilities Gap
Heechun Kim
Part 3: Micro Issues in Big Business Groups
11. Putting Korean HRM in the East Asian Context
Sunghoon Kim, Ying Wang, Yoshio Yanadori and Chris Rowley
12. People Management In Korea: An Organizing Logic Perspective
Johngseok Bae, Youngshin Kim, Ji Seong Ryu and Woonki Hong
13. Employment Relations: Labor Issues and Labor Union
Young-Myon Lee
14. Executive Compensation in Big Corporations: Unique Features in Korean Firms
Ji-Young Ahn
15. Knowledge As a Unifying Factor For An Individual Firm And Macroeconomics In Korea
Xijie Fu and Jacky Hong
Part 4: Emerging Issues in Korea Businesses and Management
16. Corporate Social Responsibility and Social Entrepreneurship In Korea
Jon Jungbien Moon
17. The shifting startup ecosystem in Korea: Government’s efforts to revolutionize education and finance
Dohyeon Kim and Woo Jin Lee
18. Managing Gender & Diversity in Korean Businesses
Hyosun Kim, Seung-Yoon Rhee, Sanghyeon Sung, and Hyesun Kang
19. Fourth Industrial Revolution and Employment Issues In Korea
Hyuckseung Yang
Part 5: Challenges and Future Directions
20. The Korean Business System: Evolution and Future Challenges
Anne Cox and Chris Rowley
21. Conclusion: Lessons, Challenges and Implications
Chris Rowley, Johngseok Bae, Heechun Kim and Hicheon Kim
Biography
Chris Rowley is Visiting Fellow, Kellogg College, University of Oxford and Professor Emeritus, Bayes Business School, City, University of London, United Kingdom.
Johngseok Bae is Professor of Management at Korea University Business School, Seoul, Republic of Korea.
Heechun Kim is Associate Professor of Strategy and Global Management at the Haskayne School of Business at the University of Calgary, Calgary, Canada.
Hicheon Kim is President of Lotte Academy, Seoul, Republic of Korea.
‘This handbook, edited and authored by leading professors in the field, offers a comprehensive exploration of the Korean economy and business landscape. Covering topics from macro-economic developments, corporate governance, to human resource management and case studies of chaebols (Korean business groups), it provides invaluable insights into the reasons behind the success of Korean companies. In addition, it addresses emerging issues such as corporate social responsibility, start-up eco system, and gender diversity, making it an essential reading for anyone interested in Korean business and management.’
Fabian Jintae Froese, Chair Professor of Human Resource Management and Asian Business, University of Goettingen, Germany & Joint Appointment Professor of International Business, Yonsei University, South Korea.
