The Republic of Korea's Foreign Direct Investments in Australia

The Chaebols Down Under

Bibliographic Data

ID8384281
AuthorsGordon Waitt (0000-0003-1123-1288, University of Wollongong, corresponding author)
Year1994
Volume32
Issue2
Pages191-213
Publication date1994-10-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAustralian Geographical Studies (JOURNAL)
Journal identifiersISSN: 0004-9190 • E-ISSN: 1467-8470
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1467-8470.1994.tb00671.x
OpenAlexW1977072300
LanguageEN
References cited11

The objective is to explain why the total value of foreign direct investment (FDI) from the Republic of Korea (hereafter ‘Korea’) remains small in Australia. Internationalisation of Korean production has proceeded rapidly since 1987 following changes in both the domestic and international business environments. Total outgoing FDI increased from US$ 356 million in 1987 to US$ 1,600 million in 1990. Australia, in comparison, received a cumulative FDI of only US$ 128 million in 1990. In terms of Korean FDI, Australia is a marginal location. Low FDI from Korea occurred despite being given priority status by Austrade in 1990 as a source for overseas capital and both countries being in each others top ten export destinations since 1989. Australia as a host nation for Korean corporations (chaebols) is discussed within Edgington's (1988) and Porters (1985) theoretical frameworks which consider overseas investment strategies

Business · Capital (architecture · Chaebol · Destinations · Economics · Economy · Foreign capital · Foreign direct investment · Geography · International economics · International trade · Internationalization · Investment (military · Political science · Tourism · Finance · Global trade and economics · International Business and FDI · Migration, Ethnicity, and Economy

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