Effects of South Korean Market Liberalization on the South Korean Retail Market

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dc.contributor.authorHwang, Eun Jinen
dc.contributor.committeechairNorton, Marjorie J. T.en
dc.contributor.committeememberChen-Yu, Jessie H.en
dc.contributor.committeememberLovingood, Rebecca P.en
dc.contributor.departmentNear Environmentsen
dc.date.accessioned2014-03-14T21:27:27Zen
dc.date.adate1999-01-19en
dc.date.available2014-03-14T21:27:27Zen
dc.date.issued1998-12-17en
dc.date.rdate2000-01-19en
dc.date.sdate1999-01-19en
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 Korea'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
dc.description.degreeMaster of Scienceen
dc.identifier.otheretd-011999-124205en
dc.identifier.sourceurlhttp://scholar.lib.vt.edu/theses/available/etd-011999-124205/en
dc.identifier.urihttp://hdl.handle.net/10919/40675en
dc.publisherVirginia Techen
dc.relation.haspartEUNJIN.PDFen
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectRetailing industryen
dc.subjectChaebolen
dc.subjectLiberalizationen
dc.subjectForeign direct investmenten
dc.subjectMarket-openingen
dc.subjectParallel importingen
dc.subjectSouth Koreaen
dc.subjectFrugality campaignen
dc.subjectOver-consumptionen
dc.subjectApparel Marketen
dc.subjectTrade deficiten
dc.subjectClothing and Textilesen
dc.titleEffects of South Korean Market Liberalization on the South Korean Retail Marketen
dc.typeThesisen
thesis.degree.disciplineNear Environmentsen
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen
thesis.degree.levelmastersen
thesis.degree.nameMaster of Scienceen

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