 Competition and Cooperation Policy in Motorcar Industry between Korea and China as a Global Market Strategy*Hae-Du Hwang, Wobong Kim and Dae-Ho Kim International Area Studies Review, 2002, vol. 5, issue 2, 65-85 Abstract: Despite having achieved economies of scale, the Korean motorcar industry has not been so successful in procuring prestige in such areas of capital accumulation, technology catch-up, brand equity and managerial know-how. It may be vital to launch a strategic alliance with Chinese counterpart by providing production technology of Korea in exchange for the huge magnitude of emerging market of China. A substantial benefit may be accrued to both countries via mutually enhanced competitiveness if Korea transfers production technology of small or medium-cars to China and jointly pioneers the frontiers of ancillary industry. An up-surge in the retained earnings of the industry may work as a building block of accommodating a pattern of intensive growth by augmenting technological innovation and institutional changes. The implementation of cooperation in R&D with Chinese counterpart and competition in marketing activities may allow the Korean motorcar industry to capitalize such a golden opportunities to put itself on the right track of technology innovation, marketing activities and linkage effects. Keywords: Competition Policy; Motocar Industry; China (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:sae:intare:v:5:y:2002:i:2:p:65-85 DOI: 10.1177/223386590200500204 Access Statistics for this article More articles in International Area Studies Review from Center for International Area Studies, Hankuk University of Foreign Studies |
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