Entrepreneurship in Korea

To many observers the 'Miracle on the Han' emerged from a judicious mix of direction and collusion of state and big business - the infamous chabeol. Yet such behemoths were not 'born big'. This new book provides a timely temporal, spatial and comparative examination and analysis of the entrepreneurship - its styles, effectiveness and successes - behind both these businesses and more generally, based on useful survey and longitudinal interview research. This entrepreneurship is grounded in the key contextual conditions of economic, organisation institutional and cultural factors. The book's important key implications for both business and management theory and practice revolve around the contingent and non-universal nature of entrepreneurship. Furthermore, this entrepreneurial idiosyncrasy is apparent not only when compared to the West, which was somewhat expected, but actually from elsewhere in East Asia, which was perhaps less expected. What this means for researchers is an ever greater role for both indigenous theory and fieldwork. -Chris Rowley, Professor, Kellogg College, University of Oxford & The Business School, City, University of London This book deals with the development of modern Korean entrepreneurship which is closely related to unique management practices and structures of Korean chaebols. It analyzes a wide range of issues of Korean entrepreneurship in-depth including family backgrounds, personal characteristics, visions, sacrifice, and life-long dedication of key Korean entrepreneurs, all of which are essential components in understanding Korean entrepreneurship. This book is highly recommended not only for academic researchers but also for practitioners and today's entrepreneurs who are interested in global business. -Mannsoo Shin, Professor, Korea University Business School Korea is a technological success story where, if you blink, you may miss important changes. A key watchpoint today is how rapidly Korean businesses, large and small, are creating new entrepreneurial strategies to meet global demands. Hemmert and Kim have provided an excellent assessment of how entrepreneurship in Korea has changed, but also how it will continue to evolve into the future. This is a must-read book for both scholars and business people interested in how and why this enigmatic country continues to succeed. -Richard M. Steers, Professor Emeritus of International Management, University of Oregon, USA