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Shipbuilding cluster in the Republic of Korea

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  • Shipbuilding cluster in the Republic of Korea
  • Chen, John; Galstyan, Martin; Huynh, Du et al.
  • Harvard Business School


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Title Shipbuilding cluster in the Republic of Korea
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Material Type Articles
Author(English)

Chen, John; Galstyan, Martin; Huynh, Du et al.

Publisher

[Boston]:Harvard Business School

Date 2010-05
Pages 35
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Manufacturing
Territorial Development < Transport/Logistics
Holding Harvard Business School

Abstract

Korea‟s history is an example of discipline, hard work and constant effort to improve. With more than nine hundred invasions in two thousand years of recorded history, the country started the transformation of its economic system after Park Chung-hee took over the presidency, establishing new policies that built a new Korea at the end of the 20th century. With Chaebols as the growth engines of an export oriented economy, Korea transformed from an agricultural nation to one of the most successful high-tech centers of the world, excelling by its state of the art technology and innovation. At first glance Korea‟s strategy seems to have paid off, with a GDP per capita around US$ 28,000, compared with only US$100 in 1963, however, the country is lagging behind its main competitors in several areas, including the efficiency of its labor market, the sophistication of its financial system and the development of its institutional framework. (The rest omitted)