Cultural factors of corporate governance in South Korea

Main Article Content

Laura Guinand
María Camila Arenas

Keywords

South Korea, confucianism, corporate culture, empolyment relationships

Abstract





The article analyzes how Confucian values influence South Korea’s tra- de culture and draws parallels with Latin America. The analysis is based on a comparison of Hofstede’s dimensions of national culture between Colom- bia and South Korea, concluding that despite various similarities, Korea’s long-term orientation and the affiliate relations that result from the Confucian tradition have been essential for the greater success of the Asian country’s companies.





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