EU Trade Policies, Korean FDI in the EU and the Emergence of Korean Electronics Multinationals

Doo-Jin Kim and Young-Chan Kim

Chapter 6 in Newly Industrialising Economies and International Competitiveness, 2006, pp 161-219 from Palgrave Macmillan

Abstract: Abstract In this chapter, we develop the proposition that initial Korean manufacturing investment in the EU was mainly attributable to non-tariff trade barriers, especially anti-dumping duties imposed by the EU. We argue that EU trade policy measures can be interpreted as the first major factor in driving the internationalisation of large Korean electronics firms. EU trade policies, including anti-dumping duties on imports, local content and rules of origins, are shown to have been related to the emergence of Korean electronics MNCs. From the global perspective, trade protectionism in developed countries, in particular the EU, has significantly prompted Korean chaebol to become multinationals in terms of dealing with the electronics sector in the advanced markets. The chapter provides an overview of the major factors motivating Korean FDI in the EU and related empirical analyses illustrating the significant and strong connection between EU trade policies and Korean FDI into the EU that has consequently led to the internationalisation of Korean electronics firms.

Keywords: International Competitiveness; Japanese Firm; Korean Firm; Electronic Firm; Japanese Electronic (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-62670-6_6

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DOI: 10.1057/9780230626706_6

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