Financial Performance of Korea's Overseas Companies and Policy Recommendations for Improving Efficiency

Yunjong Wang, Insoo Kang and Yul Kwon
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Yunjong Wang: Korea Institute for International Economic Policy
Insoo Kang: Sookmyung Women's University
Yul Kwon: Korea Institute for International Economic Policy

East Asian Economic Review, 1998, vol. 2, issue 1, 49-98

Abstract: As part of globalization, elite multinational companies are actively promoting foreign direct investment, In order to adapt to the globalization trend, large from the middle of 1990s enterprises have helped South Korea to launch the large-scale oversea investment by contributing in it. However, foreign direct investment by Korean companies in operating results has yet to achieve satisfactory results. Under IMF's project, South Korean economy is facing the need for restructuring, and corporate restructuring has become an important issue. Because South Korea domestic enterprises foreign popularity fell sharply and overseas borrowings, lead to deterioration in the terms of the South Korean companies overseas direct investment activities atrophy. In this case, the enterprise's overseas direct investment form and strategic should also have comprehensive change on a scale. It should get rid of external, quantitative growth, but change to efficient strategy.

Keywords: Oversea Investment Korea; Oversea Companies Korea (search for similar items in EconPapers)
JEL-codes: F21 F23 (search for similar items in EconPapers)
Date: 1998
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