After-Development Dynamics South Korea's Contemporary Engagement with Asia

The South Korean economic development trajectory has been widely studied and is well understood. From an impoverished war-torn nation, the country has progressed on all fronts, including a ten-fold increase in per capita income over a 40 year period. It stands out internationally when it comes to education and politically it has moved away from authoritarianism to a more spirited democratic system. In short, it seems to have achieved it all. The question then is, what does a country do after it has attained development?

This volume examines Korea's strategic engagement with Asia as a response to the limits of the home market. Access to new markets and resources in Asia through exports and foreign investment are critical. Additionally, with Korea's ongoing demographic crisis, its engagement with foreign workers is also inevitable. After-Development Dynamics explores how Korea is responding through regional integration, strategic industrial upgrading of exports, foreign markets and resources, and coping with migrants, including unskilled workers, students, and professionals. The transfer of Korean business and employment practices through investment to other countries and accommodating foreigners is not trouble-free. Further, prosperity imposes demands for increased social welfare, while the workings of contemporary global capitalism introduce new sources of inequality. Sharing that prosperity with small firms, irregular workers, and women becomes critical. This volume presents the key internal challenges facing Korean society and suggests multiple ways to address them as a related response to Korea's after-development prosperity.

Anthony P. D'Costa, Chair and Professor of Contemporary Indian Studies, Australia India Institute, University of Melbourne

Anthony D'Costa has published on the political economy of development, global capitalism, and industrial restructuring using the steel, auto, and IT sectors. In 2012 his edited books Transformation and Development: The Political Economy of Transition in India and China (with A. Bagchi) and Globalization and Economic Nationalism in Asia were published by OUP. He has held several fellowships, including Fulbright-Hays, Korea Foundation, Abe, and POSCO at the East West Center. He teaches at the University of Melbourne and has taught at the University of Washington, Copenhagen Business School, and the National University of Singapore.

1. After-Development Dynamics: South Korea's Contemporary Engagements with Asia, Anthony P. D'Costa
PART I: Korea and Regional Integration
2. Economic Clustering in Northeast Asia: China, Japan, and Korean Integration, You-il Lee, John Benson, and Ying Zhu
3. South Korea's Green Growth Strategy and East Asia's New Developmentalism, Christopher M. Dent
4. Globalization, Upgrading, and Regional Engagement: International Coproduction and the Korean Animation Industry in Asia, Joonkoo Lee
PART II: Korean Business Practices and Innovation Strategies in Asia
5. Development and Strategy of Korean Patent Filings in China, Taehyun Jung
6. Cross-Border Hybridization: The Internationalization of a Korea-based Manufacturer in China, Hyunji Kwon and Seong-Jae Cho
7. The Transfer of HRM Practices to Indian Subsidiaries in a South Korean MNC in the Auto Industry, Chul Chung
8. Diffusion of a Korean Labour-Management Partnership Model across Asia: The Case of LG Electronics, Byoung-Hoon Lee and Sun-wook Chung
9. Limits to Korean Business Expansion: The Case of POSCO in India, Jongsoo Park
PART III: Migration, Adjustments, and Korea's Imperatives
10. Foreign Professionals in South Korea: Integration or Alienation?, Albert Kraeh, Fabian Jintae Froese, and Hyunmi Park
11. A Pathway of Knowledge Transfer from Korea to Asian Countries: Korea's Policies on Foreign-Born Students in Science and Engineering, Jungbu Kim and Seong Soo Oh
12. Assimilation and Socio-Economic Hardship of Asian Migrants in South Korea, Seong-Kyu Ha
13. Reconstructing and Negotiating Gendered Identities: Marriage Migration of Asian Women to South Korea, Yonson Ahn
14. What's Next After Development? Some Policy Directions for Korea, Sang-Woo Nam and Anthony P. D'Costa