Korean Enterprise: The Quest for Globalization

In the 1960s, Korea embarked on an ambitious program of economic development. By the 1980s, the pace of development had accelerated, and Korean companies were beginning to shed their reputation as second-rate, low-tech producers. In the 1990s, strategies of technological and managerial innovation were officially codified by President Kim as Segyehwa, loosely translated as "globalization," but more generally understood by Koreans as a philosophy and mission to achieve global status in politi...