MODERN ECONOMY OF THE REPUBLIC OF KOREA AND THE HISTORY OF THE DEVELOPMENT OF THE SOUTH KOREAN FIRM "SAMSUNG".

Abstract

The current state of the economy of the Republic of Korea is considered, as well as important factors that contributed to the success of this economy (such as orientation to foreign markets and integration of the national economy into global technological value chains, etc.). A number of key factors (both institutional and economic) that contributed to the active growth of the South Korean economy are identified. The experience of Samsung since the beginning of its formation is also summarized. Historical, logical and systematic methods were used in the analysis. A number of basic principles of Samsung's successful development are highlighted as a concrete example of the successful development of a large private corporation. A number of specific examples of the development of this company are given (getting rid of assets that have become unprofitable, introducing new technologies and striving to meet the best international standards, etc.).