Artikel

Ready for global success? Strengths and weaknesses of Korean HRM

Fueled by a highly dedicated and highly skilled workforce, South Korea (henceforth Korea) has enjoyed tremendous economic growth and developed numerous successful global companies. In the past, Korean companies benchmarked Japanese and US HR practices. However, Korean companies are now at the crossroads, facing slowing economic growth rates, an aging population, changing gender roles, and an increase in foreign employees. This article reviews the strengths and weaknesses of Korean HRM and presents some tentative recommendations how Korean companies can respond to these challenges. If Korean companies intend to continue their global success, they are recommended to adapt their staffing strategy, organizational culture, and corporate language policies to embrace an increasingly diverse workforce.

Language
Englisch

Bibliographic citation
Journal: Asian Business & Management ; ISSN: 1476-9328 ; Volume: 19 ; Year: 2020 ; Issue: 2 ; Pages: 179-183 ; London: Palgrave Macmillan UK

Classification
Management
Subject
Korea
Human resource management
Global talent management
Human resource practices
Staffing
Organizational culture

Event
Geistige Schöpfung
(who)
Froese, Fabian Jintae
Event
Veröffentlichung
(who)
Palgrave Macmillan UK
(where)
London
(when)
2020

DOI
doi:10.1057/s41291-020-00109-z
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Artikel

Associated

  • Froese, Fabian Jintae
  • Palgrave Macmillan UK

Time of origin

  • 2020

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