The Korean System of Innovation and the Semiconductor Industry: A Governance Perspective

S Ran Kim

Industrial and Corporate Change, 1998, vol. 7, issue 2, 275-309

Abstract: This paper explores in detail the political-institutional processes and governance aspects of the Korean system of innovation. It shows (i) how the specific form of corporate governance (chaebol) evolved out of Korea's national political-institutional arrangements, such as the state-firm relationship based on reciprocal subsidy; and (ii) how the dramatic emergence of Korean semiconductor firms in world memory chip markets resulted from the subtle and changing interactions of state, world market conditions and chaebol governance. Copyright 1998 by Oxford University Press.

Date: 1998
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