Globalisation and the Korean Electronics Industry: A Chandlerian Perspective

Martin D. H. Bloom

Chapter 9 in The Global Competitiveness of the Asian Firm, 1994, pp 138-152 from Palgrave Macmillan

Abstract: Abstract This paper considers the increasing globalisation of the electronics activities of two of the top Korean business groups, or chaebol — the Samsung and the Lucky-Goldstar groups.1 Together, subsidiaries of these two control around 45 per cent of Korean electronics and telecommunications industry production and employ well over half of all research personnel in these sectors. They would appear to be among the most effective global competitors, a good example of the globalisation of business activity based on a particular competitive advantage, in this case translating low production costs into global market share. During a period of rapid economic development they grew to world stature, with their electronics activities a key element in this growth. In only ten years Samsung rose from a position as the 197th largest industrial company outside the United States in the Fortune ranking to 20th; it is now 8th.2 Samsung and Goldstar have also been the most active of the Korean electronics companies moving overseas. They are highly internationalised and during the past few years have started to establish overseas assembly operations, joint ventures and research facilities, sometimes through the acquisition of overseas companies.

Keywords: Korean Government; Assembly Operation; Global Competitiveness; International Marketing; Technology Acquisition (search for similar items in EconPapers)
Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23423-3_9

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DOI: 10.1007/978-1-349-23423-3_9

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