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Business ethics : Evidence from Korea

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Business Ethics - Evidence from Korea∗ Tae H. Choi KDI School of Public Policy and Management
Abstract: This study investigates business ethics attitudes and practices in South Korea through a questionnaire survey conducted in 2015. The survey represents a replication of a similar study conducted in 2005 so that the change in business ethics perceptions between the years 2005 and 2015 could be examined. In detail, this papers looks into (1) ethical conflicts, (2) (un)ethical practices, (3) ethical dilemmas, (4) ethical standards, and (5) institutionalization of business ethics in Korean organizations. Overall, we find that the 2015 results are quite similar to those of the previous study. However, we can also observe increase in business ethics awareness among Korean respondents and overall improvement of ethical standards in Korea. Our findings also suggest that over time ethical perceptions of Korean respondents have been getting more similar to those of US’ and Japanese respondents involved in a similar survey. Finally, we could observe increasing importance of code of ethics and punishment for unethical conduct as the most common tools used to institutionalize business ethics.
Key words: Business ethics, Korea, survey, recent changes
JEL classification: M14, O57
∗
The authors acknowledge the financial support provided by KDI Scho ol of Public Policy and Manage-
ment and seminar participants at the KDI School of Public Po


Full Text
Title Business ethics
Similar Titles
Sub Title

Evidence from Korea

Material Type Reports
Author(English)

Choi, Tae H.

Publisher

Sejong : KDI School of Public Policy and Management

Date 2015-12
Series Title; No Working Paper / 15-17
Pages 48
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Entrepreneurship
Social Development
Holding KDI School of Public Policy and Management
License

Abstract

This study investigates business ethics attitudes and practices in South Korea through a questionnaire survey conducted in 2015. The survey represents a replication of a similar study conducted in 2005 so that the change in business ethics perceptions between the years 2005 and 2015 could be examined. In detail, this papers looks into (1) ethical conflicts, (2) (un)ethical practices, (3) ethical dilemmas, (4) ethical standards, and (5) institutionalization of business ethics in Korean organizations. Overall, we find that the 2015 results are quite similar to those of the previous study. However, we can also observe increase in business ethics awareness among Korean respondents and overall improvement of ethical standards in Korea. Our findings also suggest that over time ethical perceptions of Korean respondents have been getting more similar to those of US’ and Japanese respondents involved in a similar survey. (The rest omitted)