Entrepreneurship and Immigration: A Study of Africans in the Korean Economy
AbstractEntrepreneurship has long been recognized as an important player in the development of Korea's economy. This is clearly demonstrated in the humble beginnings of Korea's giant conglomerates such as Samsung, Hyundai, Posco, and LG that started as small businesses. This research presents analysis of entrepreneurial activities of African immigrants in Korea. This study combines data from questionnaires of 45 respondents and in-depth interviews with six of the respondents. The findings of this present research are different from other studies in that this study shows how immigrants fill economic gaps by creating employment for themselves while providing needed services to the immigrant and Korean populations. By creating informal employment, immigrants demonstrate that they are assets in their new environments. Coping mechanisms utilized by immigrant entrepreneurs as they confront challenges that might hinder them from pursuing entrepreneurial activities were revealed in this study.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 54050.
Date of creation: 15 Feb 2014
Date of revision:
Publication status: Published in International Journal of Knowledge and Innovation in Business 1.1(2014): pp. 1-21
African immigrant entrepreneurs; Korea; entrepreneurial opportunities; entrepreneurial challenges; coping strategies;
Find related papers by JEL classification:
- M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
- M16 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - International Business Administration
This paper has been announced in the following NEP Reports:
- NEP-AFR-2014-03-15 (Africa)
- NEP-ALL-2014-03-15 (All new papers)
- NEP-IUE-2014-03-15 (Informal & Underground Economics)
- NEP-MIG-2014-03-15 (Economics of Human Migration)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Zoltan J. Acs, 2011. "The Global Entrepreneurship And Development Index: A Us Perspective," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 2(01), pages 43-66.
- Bogan, Vicki & Darity Jr., William, 2008. "Culture and entrepreneurship? African American and immigrant self-employment in the United States," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, Elsevier, vol. 37(5), pages 1999-2019, October.
- Denis, David J., 2004. "Entrepreneurial finance: an overview of the issues and evidence," Journal of Corporate Finance, Elsevier, Elsevier, vol. 10(2), pages 301-326, March.
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