ABSTRACT

Tigers are fierce animals. So are Korean companies, particularly when they compete with you. Over the last several decades, Korean companies, seemingly coming from nowhere, have built strong or dominant positions in a wide range of global industries ranging from semiconductors and mobile phones to automobiles and ships. None of their American, European, or Japanese competitors could stop them, and some were forced out of business. It therefore appears high time to gain a better understanding of the companies’ miraculous rise and to consider what can be learned from them.