Asian pacific business since 1997: Samsung and South Korea

Type :

Presentation

Pages :

11 pages

Format :

.doc

Published date :

01/16/2009

Category :

Economics & finance

Sub category :

Economics

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Summary :

Introduction.
South Korea: Development, model and chaebol.
Development of South Korea.
1. Brief overview.
2. Political and economical changes.
3. Industrialization.
4. Internationalization
5. Culture.
South Korean model.
Role of Chaebol in this model.
Case study: Samsung, one of the most important Chaebol of South Korea.
1. Overview of Samsung.
2. Development of Samsung.
The development of Samsung in relation to the development of Asian Pacific economies.
Analysis of the success of the Asian economies.
Conclusion.
References.

Abstract

Everybody knows samsung, Toyota, Sony, LG or even Hyundai which are very famous brand all over the world. Those very successful companies have similarity. Indeed, all of them come from the pacific Rim. The pacific Rim is defined by "far Eastern countries and markets bordering the pacific Ocean, consisting of Australia, Cambodia, China, Hong Kong, Indonesia, Japan, korea, Laos, Malaysia, New Zealand, Papua New Guinea, Philippines, Singapore, Taiwan, Thailand and Vietnam" (InvestorWords, 2008). This region of the world has been guided by the success of Japan and its business group called Keiretsus which is currently the most powerful country of Asia. We have also noticed the quite recent development of other asian countries and particularly the development of the four asian tiger which are south korea, Singapore, Hong Kong and Taiwan. The pacific Rim is a very powerful region but also very competitive taking advantage of, very efficient hubs (e.g. Singapore is the world's biggest port) and of an incredible growth for a few years ago due to the opening of their market and their ability to produce cheaper than other countries.