IDEAS home Printed from
   My bibliography  Save this article

The Success Factors of Korean Global Start-Ups in the Digital Sectors Through Internationalization


  • Wenyan Yin

    () (Seoul School of Integrated Sciences and Technologies (aSSIST))

  • Hwy-Chang Moon

    () (Seoul School of Integrated Sciences and Technologies (aSSIST)
    Seoul National University)

  • Yeon W. Lee

    () (Seoul School of Integrated Sciences and Technologies (aSSIST))


Abstract With the growing importance of start-ups in building a sustainable national economy, both the Korean government and scholars are demonstrating growing interest in strengthening the competitiveness of start-ups. The Korean government has promoted a number of initiatives, but there are also a growing number of critics who argue that government regulations are obstacles to the efficient operation of start-ups and their competitiveness enhancement. Many of the preceding studies on Korean start-ups have emphasized the critical factors of survival and growth, including entrepreneurship, innovation, and technology. However, these factors do not guarantee market success. In addition to technological capabilities, a good set of strategies are needed. This paper investigates how Korean global start-ups scale-up their businesses and gain success through global strategy. Specifically, this paper adopts the ABCD model and global value chain strategy to analyze the success factors of fast-growing Korean start-ups that operate in the ASEAN digital sectors. This paper argues that the growth of Korean digital start-ups through internationalization has not been directly accelerated by government support but rather to avoid government regulations. Moreover, the four strategic factors of the ABCD model facilitated their entry and success in the ASEAN market by developing a cooperative relationship with local firms for efficient operations on a cross-border network.

Suggested Citation

  • Wenyan Yin & Hwy-Chang Moon & Yeon W. Lee, 2019. "The Success Factors of Korean Global Start-Ups in the Digital Sectors Through Internationalization," International Journal of Global Business and Competitiveness, Springer, vol. 14(1), pages 42-53, December.
  • Handle: RePEc:spr:ijogbc:v:14:y:2019:i:1:d:10.1007_s42943-019-00003-2
    DOI: 10.1007/s42943-019-00003-2

    Download full text from publisher

    File URL:
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    1. Andrea Morrison & Carlo Pietrobelli & Roberta Rabellotti, 2008. "Global Value Chains and Technological Capabilities: A Framework to Study Learning and Innovation in Developing Countries," Oxford Development Studies, Taylor & Francis Journals, vol. 36(1), pages 39-58.
    2. Moon, Hwy-Chang, 2016. "The Strategy for Korea's Economic Success," OUP Catalogue, Oxford University Press, number 9780190228798.
    3. Kohler, Thomas, 2016. "Corporate accelerators: Building bridges between corporations and startups," Business Horizons, Elsevier, vol. 59(3), pages 347-357.
    4. Baron, Robert A. & Markman, Gideon D., 2003. "Beyond social capital: the role of entrepreneurs' social competence in their financial success," Journal of Business Venturing, Elsevier, vol. 18(1), pages 41-60, January.
    5. Yim, Hyung Rok, 2008. "Quality shock vs. market shock: Lessons from recently established rapidly growing U.S. startups," Journal of Business Venturing, Elsevier, vol. 23(2), pages 141-164, March.
    6. Nitin Pangarkar & Jie Wu, 2013. "Alliance formation, partner diversity, and performance of Singapore startups," Asia Pacific Journal of Management, Springer, vol. 30(3), pages 791-807, September.
    Full references (including those not matched with items on IDEAS)


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:ijogbc:v:14:y:2019:i:1:d:10.1007_s42943-019-00003-2. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla) or (Springer Nature Abstracting and Indexing). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.