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Selected Aspects of Business Environment, Cultural Specifics and the Formation of International Institutional Comparative Advantage of South Korea – Mutual Relationships
 Šípková, Martina ; Zamykalová, Miroslava (advisor) ; Kalínská, Emílie (referee) ; Lehmannová, Zuzana (referee) ; Horák, Tomáš (referee)
This thesis deals with historical and socio-cultural context of Korean political economy and its relationships with important aspects of Korean business environment. The work dedicates significant space to chaebols as specific business organizational structures and the application of Korean paradigm of rationality to the reform following 1997 International Monetary and Financial Crisis. The main part of the thesis focuses on the analysis of Korean political economy from the viewpoint of its institutional comparative advantage, through which Korean cultural characteristics influence commodity structure of Korean international trade and Korea's patent specialisation profile. The main contribution of the thesis lies in its effort to document mutual relationships and links among various aspects of Korean political economy. The findings of the thesis show that Korea's socio-cultural characteristics still represent an important factor influencing Korean business environment and local form of capitalism. The continuing existence and success of chaebols in current economy implies that the socio-cultural and economic sources of their existence still prevail despite the increasing number of conglomerates of non-chaebol types operating in Korea since post-crisis reform. The application of "Eastern paradigm" to the post-crisis reform reveals that the reform was based on "Western paradigm" of highly liberal Anglo-American form of capitalism and crisis management was thus ethnocentrically biased. Regarding the institutional comparative advantage, the thesis concludes Korea can be regarded as a group coordinated market economy where mutual links among various agents of its political economy are of outmost importance, with some aspects of liberal market economies. The main coordination mechanism of Korean political economy can be characterised as thick networks of highly particularistic socio-economic relationships based on Korean socio-cultural characteristics. This institutional and socio-cultural set up provides Korean companies with capacities that favour companies'preference of incremental innovation production strategies. However, Korean "mobilizational culture" along with other specific organizational principles and socio-cultural features of Korean corporate culture also provide Korean firms with advantages in some radical innovation fields.
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