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dc.contributor.authorHwang, Eun Jinen_US
dc.date.accessioned2014-03-14T21:27:27Z
dc.date.available2014-03-14T21:27:27Z
dc.date.issued1998-12-17en_US
dc.identifier.otheretd-011999-124205en_US
dc.identifier.urihttp://hdl.handle.net/10919/40675
dc.description.abstractSouth Korea is a country that is poor in natural resources and capital and remains behind many other nations in technological development; however, South Korea's unique development strategy has led its economy to high growth over the last three decades. During 1997, South Korea began to experience a serious financial crisis, including bankruptcies of many of its conglomerates, a drastic depreciation in the international exchange rate of the South Korean currency, and an increasing foreign debt. Currently South Korea is struggling to compete with products from both industrialized nations and newly industrializing nations. The current crisis has occurred as South Korea has been engaged in extensive market-opening. Knowledge is lacking about South Korea's intricate and rapidly changing political and economic climate. The purpose of this research was to explore and clarify the interrelated factors that have contributed to South Korea's present economic problems, especially those facing South Korea's retailing industry. The qualitative methodology of "grounded theory" was used in this study. Grounded theory is a general methodology for developing theory that is grounded in data which are systematically gathered and analyzed. Theory evolves during the research process through a continuous interplay between analysis and data collection. This research attempted to discover the factors, or themes, that have affected the South Korean economy and retailing industry. The following factors were identified: (1) foreign direct investment; (2) the price-gap between imported goods and domestic products; (3) South Koreaâ s trade deficit; (4) perceived over-consumption of luxury items by South Korean consumers; and (5) the chaebol, or South Korean large conglomerates. The economic factors that have led to the current difficulties facing the South Korean retailing market are complicated and interwoven. South Korean retailers will have to address these factors in the future, and attempt to find solutions. It is hoped that the knowledge resulting from this will be of benefit to South Korea's attempt to compete in a global marketplace.en_US
dc.publisherVirginia Techen_US
dc.relation.haspartEUNJIN.PDFen_US
dc.rightsI hereby grant to Virginia Tech or its agents the right to archive and to make available my thesis or dissertation in whole or in part in the University Libraries in all forms of media, now or hereafter known. I retain all proprietary rights, such as patent rights. I also retain the right to use in future works (such as articles or books) all or part of this thesis or dissertation.en_US
dc.subjectRetailing industryen_US
dc.subjectChaebolen_US
dc.subjectLiberalizationen_US
dc.subjectForeign direct investmenten_US
dc.subjectMarket-openingen_US
dc.subjectParallel importingen_US
dc.subjectSouth Koreaen_US
dc.subjectFrugality campaignen_US
dc.subjectOver-consumptionen_US
dc.subjectApparel Marketen_US
dc.subjectTrade deficiten_US
dc.subjectClothing and Textilesen_US
dc.titleEffects of South Korean Market Liberalization on the South Korean Retail Marketen_US
dc.typeThesisen_US
dc.contributor.departmentNear Environmentsen_US
dc.description.degreeMaster of Scienceen_US
thesis.degree.nameMaster of Scienceen_US
thesis.degree.levelmastersen_US
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen_US
thesis.degree.disciplineNear Environmentsen_US
dc.contributor.committeechairNorton, Marjorie J. T.en_US
dc.contributor.committeememberChen-Yu, Jessie H.en_US
dc.contributor.committeememberLovingood, Rebecca P.en_US
dc.identifier.sourceurlhttp://scholar.lib.vt.edu/theses/available/etd-011999-124205/en_US
dc.date.sdate1999-01-19en_US
dc.date.rdate2000-01-19
dc.date.adate1999-01-19en_US


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