Open AccessThe expansion of private shipping and entrepreneurship in Korea, 1960-1981
Author(s) -
Kim S. June
Publication year - 2020
Publication title -
international journal of maritime history
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.116
H-Index - 6
eISSN - 2052-7756
pISSN - 0843-8714
DOI - 10.1177/0843871420904534
Subject(s) - corporation , entrepreneurship , business , government (linguistics) , private sector , national economy , finance , economy , economic growth , economics , economic system , linguistics , philosophy
The Korean shipping industry has developed swiftly since the 1960s, and by 2018 Korea had become one of the world’s top seven shipowning countries. From 1945 to the 1960s, the Korea Shipping Corporation, as a national shipping company, played a crucial role in leading the development of the shipping industry. Since the privatization of this national shipping company in 1968, Korean shipping has been led by private companies. This article analyzes the forces that drove the rapid expansion of private shipping companies between 1960 and 1981, and contends that government policy and the entrepreneurship of merchant marine officers were the main causal factors.
Accelerating Research
Robert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom
Address
John Eccles HouseRobert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom