Korean chaebols learned their painful lessons by weathering the 1997 financial crisis. They restructured their business and upgraded their product portfolio. Their fast follower strategy had worked out beautifully thanks to the global boom and prosperity. Their product portfolio tells it well…
While Korean chaebols have received much of government research funds and subsidies, Korean SMEs have been marginalized, serving mostly as suppliers to chaebols. Korea’s success in IT sectors has been largely limited to chaebols…
In a way, the Korean government has pursued the “extend-and-pretend” solution without fundamentally revamping the broken system since the 1997 financial crisis. The structural problems facing the Korean high-tech sectors also remain unresolved to a considerable extent…
(A detailed analysis on this topic won’t be shared due to the proprietary nature of the content.)
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