Entrepreneurship Development Process in Korea: Theory and Practice

Q3 Economics, Econometrics and Finance

Academy of Entrepreneurship Journal Pub Date : 2022-09-30 DOI:10.22815/jes.2022.3.2.1

Zong-Tae Bae

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Abstract

This study deals with the characteristics and development process of entrepreneurship in Korea and how the aspects and phenomena of entrepreneurship have changed according to the spirit of the times. This study consists of three parts: the definition and understanding of Korean entrepreneurship, the development process of Korean entrepreneurship, and the nature of K-Entrepreneurship. First, in connection with Korea's economic and social development process and the spirit of the times, this study defines entrepreneurship as “① an entrepreneur’s challenging mindset, competence, and action, ② identifying new opportunities, and ③ creating and sharing value through innovation, cooperation, resources and risk management, in the context of the spirit of the age. Three key elements of entrepreneurship were derived: ① opportunity, ② challenge, and ③ innovation/value creation. Second, the development process of entrepreneurship in Korea was analyzed. Following the embryonic period of entrepreneurship (the 1920s-1950s), when entrepreneurship was not yet fully realized, entrepreneurship in Korea has developed along three stages: ① the first generation (1960s-1980s), ② the second generation (1990s-2000s) and ③ the third generation of entrepreneurship (since 2010s). Representative entrepreneurs for each age were analyzed, and the characteristics of business opportunities were also examined. Third, this study explored the prototype and characteristics of Korean entrepreneurship (K-Entrepreneurship) based on the development process of entrepreneurship in Korea and the attributes of entrepreneurs' activities. In particular, four key elements of Korean entrepreneurship - ① dynamic development reflecting the spirit of the times, ② rapid innovation and execution, ③ strong government policy support, and ④ existence of excellent entrepreneurs and smart people. The findings of this study will contribute to understanding the characteristics of Korean entrepreneurship and seeking the development direction of Korean entrepreneurship.

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韩国创业发展过程:理论与实践

本文研究韩国创业的特点和发展过程，以及创业的各个方面和现象是如何随着时代精神而发生变化的。本研究包括三个部分:韩国企业家精神的定义与理解、韩国企业家精神的发展历程、K-Entrepreneurship的本质。首先，结合韩国经济社会发展进程和时代精神，本研究将企业家精神定义为“①企业家在时代精神的背景下，具有挑战的心态、能力和行动，②发现新的机会，③通过创新、合作、资源和风险管理创造和共享价值。”企业家精神的三个关键要素是:①机遇，②挑战，③创新/价值创造。其次，分析了韩国创业的发展历程。韩国的创业经历了尚未完全实现创业精神的创业萌芽期(20世纪20年代~ 50年代)之后，经历了①第一代(60年代~ 80年代)、②第二代(90年代~ 2000年代)、③第三代(2010年代以后)三个阶段。分析了每个年龄段的代表性企业家，并考察了商业机会的特征。第三，本研究基于韩国创业的发展历程和企业家活动的属性，探索韩国创业(K-Entrepreneurship)的原型和特征。特别是，韩国企业的四大要素是:体现时代精神的动态发展、快速的创新和执行力、强有力的政府政策支持、优秀企业家和聪明人的存在。本研究的发现将有助于了解韩国创业的特点，寻求韩国创业的发展方向。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Academy of Entrepreneurship Journal Economics, Econometrics and Finance-Economics and Econometrics

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0.00%

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期刊介绍： AEJ considers theoretical, conceptual and empirical studies in entrepreneurship and small business management for publication.The journal caters to the needs of wide range of readers like B-schools, small and medium business entities, industries, policy makers, researchers, scholars, academicians and students. To this extent the journal encompasses a broad spectrum of topics in this field for publication, including but not limited to Strategy and entrepreneurship, nascent entrepreneurship, global entrepreneurship monitor, female entrepreneurship, business model evolution,Latent entrepreneurship, global entrepreneurship monitor, entrepreneurial spirit, small business owner-manager, small and medium enterprises, industrial policy and sectoral choice, entrepreneurial heuristics, entrepreneurial Spirit, Small business and economic growth, Nascent and start-up entrepreneurs,New venture creation process, organization, and behavior family business, Managerial characteristics and behavior of entrepreneurs,start-up entrepreneurs, customer relationship management, consumer behavior, E-Commerce and E-Business Models.