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Entrepreneurship and Immigration: A Study of Africans in the Korean Economy

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  • DeLancey, Rebecca Mbuh

Abstract

Entrepreneurship 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.

Suggested Citation

  • DeLancey, Rebecca Mbuh, 2014. "Entrepreneurship and Immigration: A Study of Africans in the Korean Economy," MPRA Paper 54050, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:54050
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    File URL: https://mpra.ub.uni-muenchen.de/54050/1/IJKIB-01-1001.pdf
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    References listed on IDEAS

    as
    1. 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, vol. 37(5), pages 1999-2019, October.
    2. Denis, David J., 2004. "Entrepreneurial finance: an overview of the issues and evidence," Journal of Corporate Finance, Elsevier, vol. 10(2), pages 301-326, March.
    3. Zoltan Acs & László Szerb & Erkko Autio, 2017. "Global Entrepreneurship and Development Index 2016," SpringerBriefs in Economics, Springer, number 978-3-319-63844-7, March.
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    Cited by:

    1. Bernard Lama Ngota & Sookdhev Rajkaran & Sanjay Balkaran & Eric E Mang’unyi, 2017. "Exploring the African Immigrant Entrepreneurship - Job Creation Nexus: A South African Case Study," International Review of Management and Marketing, Econjournals, vol. 7(3), pages 143-149.

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    More about this item

    Keywords

    African immigrant entrepreneurs; Korea; entrepreneurial opportunities; entrepreneurial challenges; coping strategies;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

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