The Internationalization of Korean Firms: Strategic Interaction and Tariff-jumping when Quality Matters

  • Bénédicte Coestier
  • Serge Perrin
Part of the International Economic Association Series book series (IEA)


Korean multinational enterprises (MNEs) have recently emerged as overseas investors, not only increasing their penetration of developing markets but also making significant inroads into industrialized markets. This shift from a traditional export orientation — the source of Korea’s rapid economic growth — occurred in a context where Korean manufacturing industries were hard hit by steep wage increases and an appreciating currency, multiple import restrictions imposed by developed countries, and a catching-up process engaged by a second wave of dynamic Asian economies such as Malaysia and Thailand.


European Union Foreign Direct Investment Trade Policy Optimal Tariff Korean Firm 
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Copyright information

© International Economic Association 2005

Authors and Affiliations

  • Bénédicte Coestier
    • 1
  • Serge Perrin
    • 2
  1. 1.University of Paris XNanterreFrance
  2. 2.Agence Française de DéveloppementParisFrance

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