The challenges for macro talent management in the mature emerging market of South Korea: A review and research agenda

Abstract

As the global economy continues to fight the war for talent, talent management has increasingly become a critical function that must be addressed if corporations are to survive and thrive. In this connection, South Korea's (henceforth, Korea)'s transformation from a third‐world and under‐developed economy to a global powerhouse and an important mature emerging market has caught the attention of scholars in numerous fields. In this comprehensive review of talent management in Korea, we trace its evolution and address the following questions: what challenges does Korea face in attracting global talent? What are the main impacts of Korea's government policies and interventions in its macro talent management system? We develop a revised macro talent management framework and offer propositions. We conclude by offering specific suggestions for the state and policymakers toward attracting and retaining talent.

Traversing the Macroeconomic Terrain: An Exploration of South Korea’s Economic Responsiveness to Cross-Border E-Commerce Production Technology Alterations in the Global Arena

“…This inflection in employment trends incited academic discourse regarding the stability and caliber of these nascent roles. In alignment with Cheong and Yoo's findings, Park et al [24] presented a compelling exploration into the changing composition of South Korea's labor market, emphasizing the proliferation of digital employment and its implications on income disparity and job security. Furthermore, Pei and Kim's [25] nuanced analysis highlights the dramatic expansion in non-traditional employment, correlating it to the buoyant growth of South Korea's cross-border e-commerce sector.…”

The Context Matters to the Exclusive Talent Management: How to Measure and Pay in South Korea

“…Although academic TM scholars suggest diverse TM practices and models as an important step towards effective TM performance such as a 360 degree appraisal and a rating system (Agrawal, 2022), it does not give much support in finding the right TM practices and degree of exclusiveness, and a balance between exclusive and inclusive TM approaches. Particularly, TM studies, which are based in the non-Western emerging countries, highlight their institutional distinctiveness to adopt Western-format TM practice (Park, Patel, Varma, & Jaiswal, 2022).…”

Ambidextrous organizations in and from emerging markets—Editors' special issue introduction

“…The second study is based on talent management, which is a critical function for survival of corporates. A literature review has been conducted by Park, Patel, Varma, and Jaiswal (2022) titled “ Challenges for macro talent management in the mature emerging market of South Korea: A review and research agenda ” on talent management in South Korea answering key challenges that the country faces in attracting global talent and the impact of government policies in macro talent management system. A framework has been developed for the same, which provides implications for policymakers who look to attract and retain talent.…”