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Technology acquisition in korea's automobile industry

Title
Technology acquisition in korea's automobile industry
Authors
Kim G.H.Mah J.S.
Ewha Authors
마재신
SCOPUS Author ID
마재신scopus
Issue Date
2018
Journal Title
Perspectives on Global Development and Technology
ISSN
1569-1500JCR Link
Citation
Perspectives on Global Development and Technology vol. 17, no. 4, pp. 408 - 428
Keywords
Automobile industry; Fdi; Korea; Technology licensing
Publisher
Brill Academic Publishers
Indexed
SCOPUS scopus
Document Type
Article
Abstract
The automobile industry developed very rapidly in Korea from the mid-1970s onwards. In the early stage of its development, it used both foreign direct investment (FDI) inflows and technology licensing contracts to utilize advanced foreign technologies. The government mainly preferred technology licensing to FDI inflows to gain access to production technologies. A specific case of FDI is displayed in the joint venture between General Motors and Daewoo Motors. Although there were several improvements and assistances provided to the latter, its performance was relatively unsatisfactory. In contrast, Hyundai Motors relied on technology licensing, which turned out to be successful. Korea's experience of technology acquisition in the automobile industry shows that for a developing country considering development of its own automobile industry, it would be beneficial to utilize technology licensing rather than FDI inflows. © 2018 koninklijke brill nv,leiden.
DOI
10.1163/15691497-12341486
Appears in Collections:
스크랜튼대학 > 국제학부 > Journal papers
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