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Financial Performance of Korea's Overseas Companies and Policy Recommendations for Improving Efficiency

Author

Listed:
  • Wang, Yunjong

    (Korea Institute for International Economic Policy)

  • Kang, Insoo

    (Sookmyung Women's University)

  • Kwon, Yul

    (Korea Institute for International Economic Policy)

Abstract

As part of globalization, elite multinational companies are actively promoting foreign direct investment, In order to adapt to the globalization trend, large from the middle of 1990s enterprises have helped South Korea to launch the large-scale oversea investment by contributing in it. However, foreign direct investment by Korean companies in operating results has yet to achieve satisfactory results. Under IMF's project, South Korean economy is facing the need for restructuring, and corporate restructuring has become an important issue. Because South Korea domestic enterprises foreign popularity fell sharply and overseas borrowings, lead to deterioration in the terms of the South Korean companies overseas direct investment activities atrophy. In this case, the enterprise's overseas direct investment form and strategic should also have comprehensive change on a scale. It should get rid of external, quantitative growth, but change to efficient strategy.

Suggested Citation

  • Wang, Yunjong & Kang, Insoo & Kwon, Yul, 1998. "Financial Performance of Korea's Overseas Companies and Policy Recommendations for Improving Efficiency," East Asian Economic Review, Korea Institute for International Economic Policy, vol. 2(1), pages 49-98, March.
    • Handle: RePEc:ris:eaerev:0309
    DOI: 10.11644/KIEP.JEAI.1998.2.1.9
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    Keywords

    Oversea Investment Korea; Oversea Companies Korea;

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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