Scales and Organizational Measurement of South Korean Corporations Activity in the Conditions of Their Digital Transformation

Abstract

An article examines the activities of the largest South Korean corporations, the impact of the information and communications technologies on the corporate development and their competitive leadership in the global paradigm of the global scientific and technological progress. Author has been conducted a historical digression into the process of the country’s economic model formation, focused attention on the government’s support in the field of the patenting in the technological sectors of South Korean economy. The comparative analysis of the largest South Korean high-tech corporations has been conducted by the most important financial indicators: net profit, market capitalization, assets and sales. It’s proved that due to the influence of the information and communication technologies on the traditional business, the significant transformations have been completed in the industry and production sectors. It is noted, that the companies, which have digital service as a main product in their production, increases importance and strengthen of their positions in the modern digital society. Maintaining the global competitive leadership positions and been flexible business structures on the internal and external markets, chaebols became the most influential players in South Korean National economy. Due to the influence of the Industry 4.0 and using in the mass production the information and communications technologies in Korean industry, allowed country to became an innovation leader of the technologies and maintain the competitive leaderships on the global markets. The constant intensification of competition on the global markets increase the pressure on the all actors and directly enforce them to develop innovative projects and diversify their business activity using the information and communications technologies. With the acceleration of the scientific and technological progress due to protecting and financially stimulating inventors on the Government level during the last 40 years, the local Korean companies had been able to renovate technologies and to retain intellectual capital in the country.