Financial Motives of U.S. Corporate Investment in Korea

Monthly Economic Statistics, The Bank of Korea, Seoul (January 1974), p. 89.

The financing of investment requirements is discussed in detail, in the context of internal and external gaps, in Kim S. H. , Foreign Capital for Economic Development (New York: Praeger, 1970), pp. 28–29.

Kim Chan Jin , Foreign Investment in Korea: Law and Administration (dissertation), University of Washington, 1972, pp. 110–115.

Stevens , on the other hand, claims that foreign investment has much in common with its domestic counterparts where the objective is to maximize profits. See Stevens Guy V. G. , “Fixed Investment Expenditures of Foreign Manufacturing Affiliates of U.S. Firms: Theoretical Models and Empirical Evidence,” Yale Economic Essays (Spring 1974), p. 137.

Stobaugh Robert B. , “How to Analyze Foreign Investment Climates,” Harvard Business Review (September-October 1969), p. 102.

Schreiber Jordan C. , U.S. Corporate Investment in Taiwan (New York: The Dunellen Company, 1970), pp. 38–40.

Kendrick John W. , Postwar Productivity Trends in the U.S. (New York: National Bureau of Economic Research, 1973), pp. 2–5.

A Labor Productivity Analysis, Korean Productivity Center, Seoul, 1969, pp. 7–8.

The government is the largest single owner of six commercial banks and sole owner of seven Special Banks.

Stonehill A. Nathanson S. , “Capital Budgeting and the Multinational Corporation,” California Management Review (Summer 1968), p. 49.

APA Accounting Principles (New York: American Institute of Certified Public Accountants, 1971), pp. 805–806.

FASB Discussion Memorandum, Financial Accounting Standard Board, Stamford, Connecticut (21 February 1974), pp. 49–52.

Ibid., pp. 69–70. In fact, there is a further problem of selecting an exchange rate between official and market rates, where the latter is overvalued in many developing countries including Korea.

Foreign Capital Inducement Law and Amendments, Economic Planning Board, Seoul, 1973.

A list of incentives offered to foreign investors by most developing countries is found in Obstacles and Incentives to Private Foreign Investment (New York: National Industrial Conference Board, 1969).

“Squeeze on Seoul,” The Wall Street Journal (13 August 1974).

Dong-A Ilbo (a daily newspaper in Korea) (9–12 November 1971).

Hoskin William R. , “The LDC and the MNC: Will they Develop Together?” Columbia Journal of World Business (September-October 1971), p. 65.

Forbes (15 May 1974).

Diebold John , “Why Be Scared of Multinationals?” Foreign Policy (Fall 1973), pp. 79–88.

Sethi S. Prakash , “Coca Cola and the Middle East Crisis,” in Up Against the Corporate Wall (Englewood Cliffs, N.J.: Prentice-Hall, 1971), pp. 409–414.

Levitt Kari , Silent Surrender (Toronto: Macmillan, 1970).