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Human resource mansgement in Korean firms and its future outlook

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  • Human resource mansgement in Korean firms and its future outlook
  • Shin, Yookeun
  • Seoul National University(College of Business Administration)


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Title Human resource mansgement in Korean firms and its future outlook
Similar Titles
Material Type Articles
Author(English)

Shin, Yookeun

Publisher

[Seoul]:Seoul National University(College of Business Administration)

Date 1999-12
Journal Title; Vol./Issue Seoul Journal of Business:vol. 5(no. 1)
Pages 34
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Social Development < Employment
Holding Seoul National University

Abstract

Human resource is firm's foremost intangible asset and is also what makes up firm's core competence, providing the key to solving organizational problems and increasing firm performance. Korean firms in the past have competed on low-cost strategy and paid less attention to proper management of their employees. This paper examines how Korean firms have dealt with each of the main functions of HRM from 1960s up to the present. It, then, proposes a hybrid approach to management that combines both the unique Korean cultural factors with Western style of management to allow firms to better handle demands of their culture and pressures of competing globally.