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Foreign Direct Investment in Post-Crisis Korea : European Investors and 'Mismatched Globalization' - Judith Cherry

Foreign Direct Investment in Post-Crisis Korea

European Investors and 'Mismatched Globalization'

Hardcover Published: 1st November 2007
ISBN: 9780415270069
Number Of Pages: 224

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In this book Judith Cherry analyses the impact of economic and cultural globalization on efforts to promote inward foreign direct investment (IFDI) in South Korea over the past four decades. The book traces the development of Korean IFDI policy from one of restriction and control to one of encouragement and promotion. Specifically, it focuses on the challenges inherent in reforming the 'software' of IFDI promotion (socio-cultural issues, mindsets and perceptions) as opposed to changing its 'hardware' (systems, laws and regulations).

Although the Korean government has made sustained efforts over the past decade to enhance Korea's attractions as a host for inward investment, it has faced significant challenges in improving Korea's IFDI performance. The discussion in this book of the wide range of transparent and non-transparent barriers that continue to hamper efforts to promote inward investment draws not only on the Korean debate concerning strategies for maximizing the benefits of IFDI, but also on the assessment of the Korean business and investment environment revealed in interviews conducted with European investors and officials in Seoul.

Foreign Direct Investment in Post-Crisis Korea will appeal to students and scholars of international business, economics and globalization, as well as those with a more general interest in Korean society.

Introduction and theoretical framework
Globalization and foreign direct investment
The theoretical perspective
Economic globalization
Economic globalization and foreign direct investment
Cultural globalization
Hybrid globalization
Korea and inward foreign direct investment 1962-1992
The theoretical debate
Korea and 'expansive globalization'
Korea and inward foreign direct investment
The early years (1962-1969)
Korea and inward foreign direct investment
The shift to heavy and chemical industries (1970-1983)
Korea and inward foreign direct investment
Liberalization and deregulation 1984-1992)
Conclusions
Globalization in the Kim Young-sam Era
Segyehwa and Inward Foreign
Direct Investment (1993-1997)
Kim Young-sam and Segyehwa
Segyehwa and Korean inward foreign direct investment (1993-1997)
Korean inward foreign direct investment in the pre-crisis era (1962-1997)
Conclusions
The 1997 Financial Crisis and the 'IMF Era'
Segyehwa in Transition
The search for a scapegoat
The end of the developmental state? Reform in post-crisis Korea
Reform and the role of the government
Conclusions
Inward Foreign Direct Investment in Post-Crisis Korea I (1998-2002)
A new strategy for IFDI promotion
Trends in post-crisis inward foreign direct investment
Barriers and hindrances to post-crisis inward investment
Economic factors
Barriers and hindrances to post-crisis inward investment
The business and investment environment
Conclusions
Inward Foreign Direct Investment in Post-Crisis Korea II (2003-2006)
The debate on IFDI policy and strategy
A new national investment promotion agency
Invest Korea
IFDI performance under the Roh Moo-hyun administration
Barriers to investment
The investors' perspective
Conclusions
The Republic of Korea, the European Union and the European Free Trade Area (1962-2006)
Korea and the European Union
Korea-EU Trade
Korea and the European Free Trade Association
European investment in pre-crisis Korea (1962-1997)
European investment in post-crisis Korea (1997-2006)
Conclusions
Case Study
European Investors in Post-Crisis Korea
Korea's competitive advantages
The domestic market
Human resources
The IT environment
Strategic location
Barriers to inward foreign direct investment
Mismatches and disconnections
Implementation of policy and regulations
The labour market
Human resources
Anti-foreign capital sentiment
Korea's image overseas
Attitudes towards globalization
Korea's business and investment environment
Suggestions for change
Education
The regulatory environment
Korea's image overseas
Conclusions
Conclusions
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780415270069
ISBN-10: 0415270065
Series: Routledge Advances in Korean Studies
Audience: Tertiary; University or College
Format: Hardcover
Language: English
Number Of Pages: 224
Published: 1st November 2007
Publisher: Taylor & Francis Ltd
Country of Publication: GB
Dimensions (cm): 23.5 x 15.9  x 1.27
Weight (kg): 0.5
Edition Number: 1