ASEAN 지역의 인프라 시장 확대와 한국기업의 진출방안 (The Growth of the ASEAN Construction Infrastructure Market and Its Implication for Korean Construction Companies)

Kwak, Sungil; Cheong, Jae Wan; Lee, Jae-Ho; Kim, Jegook; Kim, Mi Lim

doi:10.2139/ssrn.3422565

Cited by 2 publications

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“…As of August 2020, KIND has carried out 17 projects, nine in feasibility study phrase, four in construction phrase and four in operation phrase. Yet emerging evidence (Hong, 2020; Kwak and Kim, 2019) suggests that ‘Team Korea’ cherry-picks participants instead of nurturing long-term and strategic partnerships in South Korea's extraterritorial expansion. It is also positioned as a corporate club where medium and small companies have limited access.…”

Section: The Territoriality Of State Intrapreneurialism In the Export...mentioning

confidence: 99%

Competition and coordination in state intrapreneurialism: The case of South Korea's export of urban expertise

2023

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State entrepreneurialism in response to external market stimuli has a state intrapreneurialism counterpart – the entrepreneurialism found within public institutions. In moving beyond the case of Singapore from which the idea was proposed, this paper develops the concept of state intrapreneurialism by injecting a greater sense of the political and territorial heterogeneity of, and competition within, national states that fracture the identification of needs, the crafting of policy narratives, and the forging of domestic and international networks. With reference to the case of South Korea, this paper illustrates how state intrapreneurialism has generated domestic and international markets and reputation in the ICT-assisted city management domain despite elements of competition among public agencies. The case raises broader questions for future research on the relational geographies of politics and bureaucracy in stimulating or stifling state intrapreneurialism.

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Section: The Territoriality Of State Intrapreneurialism In the Export...mentioning

confidence: 99%

Competition and coordination in state intrapreneurialism: The case of South Korea's export of urban expertise

2023

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“…For instance, the Japanese government complements and strengthens construction companies' capability to enter the global PPP market by founding supportive SOEs. The Korean government also recognized the need for a response to the changing context to improve Korean construction companies' competitiveness (Kim, 2015;Kwak et al, 2018;MOLIT, 2014MOLIT, , 2018Park & Jo, 2012;Siemiatycki, 2013;Son, 2013).…”

mentioning

confidence: 99%

Production and Securitization of Foregin Infrastucture by “Team Korea”

Hong

2020

Financial Internet Quarterly

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The financialization of infrastructure has emerged as a resolution for alleviating government budget pressures derived from chronic underinvestment in infrastructure and post-global financial crisis recession. Two interrelated phenomena are considered central features of the financialization of infrastructure: the transformation of infrastructure into an alternative asset class and the growth of public–private partnerships (PPPs) in infrastructure development. In particular, the expansion of global PPPs has attracted the attention of various entities, including state-owned enterprises (SOEs). Recently, SOEs have participated in foreign infrastructure PPPs as private sector entities. Unlike conventional private sector involvement in infrastructure PPPs, SOEs aim to achieve public objectives and mobilize both public and private resources to enhance competitiveness within the global PPP market. In this paper, the specificities of SOEs participating in foreign infrastructure PPPs and their implications for the financialization of infrastructure are analyzed using a South Korean SOE: Korean Overseas Infrastructure and Urban Development Corporation (KIND). This reveals why and how SOEs engage in foreign infrastructure PPPs via the drivers and business strategies of KIND. Moreover, it examines infrastructure PPPs managed by KIND to reveal how the business strategies of KIND work in practice. Consequently, this paper suggests that SOEs engaging in foreign infrastructure PPPs attempt to achieve policy objectives through the production and financialization of foreign infrastructure. In the process, SOEs actively take advantage of entities and resources from both the public and private sectors.

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ASEAN 지역의 인프라 시장 확대와 한국기업의 진출방안 (The Growth of the ASEAN Construction Infrastructure Market and Its Implication for Korean Construction Companies)

Cited by 2 publications

References 0 publications

Competition and coordination in state intrapreneurialism: The case of South Korea's export of urban expertise

Competition and coordination in state intrapreneurialism: The case of South Korea's export of urban expertise

Production and Securitization of Foregin Infrastucture by “Team Korea”

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