ABSTRACT
In the twenty-first century, having recovered from the Asian financial crisis, Korean firms and business groups have further advanced their global competitiveness and market shares across a wide-range of knowledge-intensive manufacturing industries such as electronics, micro-electronics, automobiles, and shipbuilding. They have consistently grown while maintaining strong profitability. This performance was achieved through the rapid buildup of global manufacturing and business networks. As a result, leading Korean firms such as Samsung Electronics, LG Electronics, Hyundai Motor, and SK Hynix have become leading global players with a strong presence in all regions of the world. They have relentlessly leveraged Tiger Management practices: making persistent efforts to improve their products, seizing opportunities whenever they emerge, and implementing their strategies with very high speed and flexibility.
