The business district in South Korea can be easily identified by the high number of economic enterprises present there. The zaebol (or giant corporations) have a considerable weight, perhaps even excessive weight, in the country's economic potential.
Although not directly the result of the free interplay of supply and demand (at least early in the process of taking off from South Korea), these conglomerates have been deliberately chosen by the State to form a powerful nucleus that is capable to confront global markets while benefiting from special programs of assistance and encouragement.
Changes in regulations for enterprises:
The State has almost always had the role of guiding, suggesting, encouraging or discouraging, and setting priorities in the context of successive plans and advising business leaders. This paternal role of the government, which disturbs the economies of liberal schools, indeed, will become blurred and is a reflection of the old system and traditions.
Tags - South Korean enterprises, business district, regulations
[...] HEC Eurasia Institute, (2001), Corporate governance in South Korea. Economic Mission, (2004), Settling in South Korea, Relocating, Ubifrance p. Roger M. and Schmauch D., (2002), Organizational Models: Response to changes in the company, issues management, Global Village p. Seo YI., (2000), South Korea - a historical analysis of the development process, L'Harmattan p. [...]
[...] The managerial characteristics of South Korean companies The business district in South Korea can be easily identified by the high number of economic enterprises present there. The chaebol (or giant corporations) have a considerable weight, perhaps even excessive weight, in contributing to the country's economic potential - Changes in regulations for enterprises The State has almost always had the role of guiding, suggesting, encouraging or discouraging and setting priorities in the context of successive plans and advising business leaders. This paternal role of the government, which disturbs the economies of liberal schools will become blurred and is a reflection of the old system and traditions. [...]
[...] They revolve around large industrial centers where decentralized settle in areas of activity to the heart and the periphery of major urban centers. They are more often led by young entrepreneurs who are highly skilled graduates who succeed in their parents' generation of these SMEs are manufacturing firms with more than half of the profit directly integrated with chaebol. These SMEs have a status of sub- assemblers or producers; therefore for the most part they share almost exclusive relationship, with their complex and multidimensional chaebol. [...]
[...] The system of remuneration and incentive methods to supplement wage are roughly the same in the various conglomerates of the country. For ten years, wages have risen sharply under the pressure of professional and trade associations, but the wage and the income pyramid is very unbalanced. On this point, it is difficult to compare the situation that exists in South Korea with the traditions of true harmony and fairness is observed in Japan, Germany or Sweden. Bibliography Bidet E., (2003), South Korea. Social economy and civil society, the economic spirit, L'Harmattan p. [...]
[...] This allowed them to make new investments in South Korea and the world. At the end of 1990, South Korean investment abroad, mainly located in Asia and the United States, were valued at $ 2.5 billion by 1986, accounting for only $ 157 million. The windfall helped to increase wages (labor costs have doubled between 1987 and 1990) and also to acquire movable and immovable properties. This has generated a land speculation, followed by a significant increase in property prices. [...]
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