Entrepreneurship and Talent Management from a Global Perspective

Entrepreneurship and Talent Management from a Global Perspective

Global Returnees

New Horizons in Management series

Edited by Huiyao Wang and Yipeng Liu

Talent has become the most important resource for organizations across a wide range of sectors throughout the world including business, non-profit, and government. These organizations are now engaged in an increasingly fierce competition to acquire the best talent as they seek to gain the upper hand in today’s fast changing environment. By combining the body of knowledge on entrepreneurship and talent management from a global perspective, this book provides a synthesized understanding of entrepreneurial mobility and talent management in the entrepreneurship and innovation ecosystem.

Chapter 12: The entrepreneurial ecosystem in South Korea: a review

Fiona Sussan, Louis Daily and Ki-Chan Kim

Subjects: business and management, entrepreneurship, human resource management

Abstract

Emerging from the devastation of the Second World War and the Korean War with poverty, high illiteracy, lack of resources and competencies, South Korea transformed itself from being one of the poorest of nations to become one of the Four Asian Tigers. This is the ‘Miracle of the Han.’ In the past half century, South Korea began as a recipient of OECD’s ODA and became a donor to ODA. Today, South Korea has a creative economy with the nation being ranked number one in innovation by the OECD in 2014. As creativity and innovation are often synonymous with entrepreneurship, this chapter aims to examine the entrepreneurship ecosystem of South Korea longitudinally for the past half-century. This chronological narrative describes the evolution of the entrepreneurial ecosystem, specifically economic policy, human capital and market forces, from the 1960s to the present. We discover a number of systematic patterns over time that shape the current entrepreneurial status of the country. We conclude with recommendations for improving the entrepreneurial ecosystem in the future.

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