The Korean steel industry has developed remarkably since it turned to modem steelmaking
in the early 1970s with the establishment of the nation's only integrated largescale
steel company, POSCO. This study explores major factors that contributed to the
development of, and the evolution of intemational competitiveness in, the Korean steel
industry. The conceptual approach employed here is based on the model of dynamic
comparative advantage in a developing country. This model suggests that...[Show more]
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