Key Success Factors and Management Patterns of Five Major Korean Companies

Abstract

Today, Korean companies are at a crossroad between success and failure.

Whether or not they overcome these difficulties will determine their future

as first-class global companies or remain as second-class businesses in the

coming 21st century. The important consequences of this stage are reflected

on the fact that many major Korean companies are trying to change their

nature in every way possible.

The purpose of this study is to find the success factors and patterns of

major Korean companies. The results of this study will contribute to seeking

and developing the management strategies that allow Korean companies to

fortify their international-competitiveness and globalization.

This study will focus on five major Korean companies selected from a

sample of successful companies which belong to the top five companies, the

largest business groups in Korea, as well as to the representative industries

that have sha.ped the development of Korean economy.