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Korea’s overseas direct investment : Evaluation of performances and future challenges

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  • Korea’s overseas direct investment
  • 이성봉
  • Korea Institute for International Economic Policy
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Title Korea’s overseas direct investment
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Sub Title

Evaluation of performances and future challenges

Material Type Reports
Author(Korean)

이성봉

Publisher

[서울]:Korea Institute for International Economic Policy

Date 2000
Series Title; No Working Paper / 00-12
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Direct Investment
Holding Korea Institute for International Econmic Policy

Abstract

The 1997 financial crisis in Korea has had a substantial impact on the economy and the society as a whole. Korea's overseas direct investment is no exception. Korea's direct investment abroad, which surged in general from the late 1980s to 1996, has fallen dramatically after the financial crisis. Accordingly, a large number of companies have cancelled or delayed their overseas direct investment plans in the face of a wide range of problems, including liquidity. The financial crisis has prompted the need to reassess Korea's past overall economic development strategy; evaluating the accomplishments achieved through the overseas direct investment by Korean multinationals is now more important than ever. Since the financial crisis which erupted at the end of 1997, the debates over the effects of overseas direct investment have focused on the soundness of overseas investment rather than its effects on the domestic industry or trade. This paper analyzes the performance of overseas subsidiaries holding outstanding invested amounts of more than $10 million based on the financial statements of overseas subsidiaries in 1997 and 1998, before and after the financial crisis. (The rest omitted)