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Anatomy of Korean general trading company

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  • Anatomy of Korean general trading company
  • Cho, Dong-Sung; Heo, Yeong-Do
  • Seoul National University


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Title Anatomy of Korean general trading company
Similar Titles
Material Type Articles
Author(English)

Cho, Dong-Sung; Heo, Yeong-Do

Publisher

[Seoul, S.Korea]:Seoul National University

Date 1980
Journal Title; Vol./Issue Korean Business Journal:vol. 14(no. 1)
Pages 34
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Economy < Economic Administration
Holding Seoul National University

Abstract

With the unprecedented economic growth of about 10% per annum in the 1960’s and the 1970’s led by the even more impressive export growth of over 40%per annum in the same period, Korea has become the second most developed country in Asia after Japan, and within immediate reach of joining DECD. Korean General Trading Companies (KGTCs), since their establishment in 1975, have been a symbol of this economic success in Korea, and frontrunner of the Korean businesses in their move toward multinationalization. Accordingly, foreign businessmen interested in seeking business opportunities in or with Korea want to know more about KGTCs. These foreign businessmen who in most cases have had experiences of dealing with Japanese General Trading Companies (Sogoshosha) may tend to regard KGTCs similarly as their Japanese counterpart. (The rest omitted)