by low-wage
- Made a bad image by low price firm
2) Lost advantage of integrated distribution system
- Hard to run business in small space like Korea
Provide quickly services and products that suit Korean behavior and consciousness of consumption
Get rid of big boxes and run discount stores
Understand Korean nature
Meet consumer tastes and
(fresh)food products in Korea
and 1981-1990 were growth years. In 1981, the firm launched MDF-1&2, 8 bit learning kit and 8 bit home computer, and it is greatly success and firstly exploited into global market, UK, Germany, Hongkong and Singapore. In 1983, Acer was pioneering developer of PC-compatible with its XT/PC, and in 1984 switched to production of IBM compatible PCs which used the same microprocessors and ran the same
Ⅰ. 기업 거래소
증권거래소와 코스닥시장을 주축으로 하는 우리 자본시장은 엄청난 성장을 이루었다. 증권거래소만 보더라도 천4백만 주에 불과하던 일일거래량은 4억7천3백만주로 급성장하였다. Data obtained from http://www.kse.or.kr 이처럼 자본시장의 규모는 급증하였지만 우리 투자자들은 상대적으로
재벌
A Business group that are owned and managed by Family members and relatives in many diversified business areas
Origin of Chaebol
1920s & 1930s after Japan’s colonial rule.
Japan set up companies in very strict control
Chaebol companies massively developed during president
Park Jung Hee in the 1960s & 1970s
The First Five-Year Economic Development Plan
(ONLY FEW GROUPS OF
English Law
Dispersed Ownership
Power focus on
external stakeholders
Financing mostly from
stock market
Regulations to protect external investors
Continental Law
Concentrated Ownership
Power focus on
internal stakeholders
Financing mostly through loans
Regulations to protect
internal stakeholders
1.Under Common Law
Long-term capital from
2.2. Structure
There is the common type of organization among Korea’s big companies called ‘chaebol’ which are cross-shareholding to influence subsidiaries. Cross-shareholding means more than 3 subsidiaries finance each other and increase the capital. Samsung also finance in this way. But not recommended, because it induces unhealthy relationship between companies, which one poor subsidiar
1. Government by the wealthy
2. A country or society governed in this way
3. An elite or ruling class of people whose power derives from their wealth
∙ Heavy industry was dominated in Japan, and government supported Zaibatsu for rapid growth.
∙ Centralization of capital + Increasing productivity
Economic Improvement in Japan
1.Dirty Links between Politicians
2) Managing external debt using sustainability indicators
External debt management involves balancing resource mobilization and deployment as well as orderly repayment of future obligations. For sustainable debt management, policy makers need to project accurate debt dynamics that are sensitive to the way the current account deficits are being financed. If borrowed resources are not used produ
When the south Korean economy experienced the first oil shock in early 1970s,there had been preliminary discussions whether there was need for an unemployment insurance system. In the latter half the 1970s, south korea’s economic structure was transformed from an agricultural to an industrial economy.the labour market in consequence went through major changes and the excess supply of labour was
Ⅰ.What is the IMF?
The International Monetary Fund was created in 1945 to help promote the health of the world economy. Headquartered in Washington DC, it is governed by and accountable to the governments of the 185 countries that make up its near-global membership.
Korea joined IMF in 1955.
1.What is the International Monetary Fund?
The International Monetary Fund—also known as