The Southeast Asian review (동남아시아연구)
- Volume 19 Issue 1
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- Pages.1-27
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- 2009
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- 1229-6899(pISSN)
An Analysis of Korean Firms' FDI Performance in Southeast Asia
동남아 현지법인을 대상으로 한 우리나라 해외직접투자의 성과분석
- Lee, Illjoo (Yonsei University) ;
- Lee, Doowon (Yonsei University)
- Received : 2008.10.31
- Accepted : 2009.01.08
- Published : 2009.02.28
Abstract
In the global economy, Korean foreign direct investment (FDI) to Southeast Asian countries expands rapidly as the countries try to make attracting investment strategies and to improve their investment condition. This paper, using panel-data for 2004-2006 in Indonesia, Vietnam and Malaya which are the main countries of Korean FDI for last ten years, shows analysis of the Korean FDI performance in Southeast Asia and compares the Korean firms' achievement with the case of China. According to the forty nine firms' official sources in Indonesia, Vietnam and Malaya, presented to the Export-Import Bank of Korea, over fifty percent of FDI consists of M&A. And Korean FDI has concentrated in the manufacturing industry. In order to measure the FDI performance, the study sets a regression function; operating profit ratio is the dependent variable and the total sales, expert ratio and investment period are the independent variables representing firms' volume, purpose of FDI and firms' adaptation to the local countries.