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The Impact of the Asian Economic Crisis on Global Strategic Alliances of Korean Firms

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  • Byung Hee Lee

Abstract

The Korean economy has gone through rapid economic development and government policies have supported export and global expansion. As a result, Korean firms faced with resource deficiency domestically have actively engaged in international alliances to secure resources from foreign firms. As Korean firms have accelerated their globalization, they became vulnerable to unprecedented external shocks such as the Asian economic crisis in late 1997. This study examines the impact of the crisis on international alliance activity of Korean firms. Changes in partner's nationality, alliance goal, and frequencies in high-tech and low-tech industries are compared between the pre-crisis and the post-crisis periods.

Suggested Citation

  • Byung Hee Lee, 2008. "The Impact of the Asian Economic Crisis on Global Strategic Alliances of Korean Firms," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 11(2), pages 217-229, September.
    • Handle: RePEc:sae:intare:v:11:y:2008:i:2:p:217-229
    DOI: 10.1177/223386590801100211
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    References listed on IDEAS

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    1. Michael Hitt & M. Tina Dacin & Edward Levitas & Jean-Luc Arregle & Anca Borza, 2000. "Partner Selection in Emerging and Developed Market Contexts : Resource-Based and Organizational Learning Perspectives," Post-Print hal-02276706, HAL.
    2. Arvind Parkhe, 1991. "Interfirm Diversity, Organizational Learning, and Longevity in Global Strategic Alliances," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 22(4), pages 579-601, December.
    3. John Hagedoorn, 1993. "Understanding the rationale of strategic technology partnering: Interorganizational modes of cooperation and sectoral differences," Strategic Management Journal, Wiley Blackwell, vol. 14(5), pages 371-385, July.
    4. Michael Hitt & M. Tina Dacin & Edward Levitas & Jean-Luc Arregle & Anca Borza, 2000. "Partner Selection in Emerging and Developed Market Contexts : Resource-Based and Organizational Learning Perspectives," Post-Print hal-02312691, HAL.
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