동북아 시대에 있어서 한국기업의 향후진로

The Future Paths of Korean Corporations in the Era of North Eastern Asia - Focusing on Changes and Issues of HRM -

The Korean corporations are in a verge of a turning point after going through a few historically critical events. It is said that the Korea has developed in economy, and industrialization that took other countries few hundred years in only 30 years which some may say as compressed growth . Lacking of natural resources Korea has developed by using human resources as the prime asset for the development driver. But in the late 1980s the Korea had to enter the era of high payment Low development . So the Korean corporations had to come up with a plan that could combine labor and technology to end up in high value added HRM strategy that is fit for the era. Still the nostalgia from the past blocked most of the corporations from taking the step and wound up having labor relation problems as well as losing corporate competitiveness. So it can be said that the IMF crisis that swept the nation is not just because of external currency problems or the manipulations of the foreign hedge funds. Rather it is much more rational to blame the forfeiture of internal corporate competitiveness. To survive in the turbulent era of high payment , formative and practical pay strategy that is technology based, performance based, participation based are absolutely needed. To do this there should be immense effort put in as well as investment to change the traditional model to the market model that could blend in Korea . And this should be the main competing strategy that the Korean corporations to follow. In the past few years there has been a movement to move out of Korea and move in to countries where the wages are lower. And the Korean society are still adhere to the traditional HRM systems. It is critical to face the change squarely and find a way to transform the HRM system that is fit for the new era. The new combination of labor and technology that could form a new dimension of core competence. It has been proven that the companies who have undergone the change are most likely to succeed. The Korean companies trying to aim at the higher level of products and strategy has to have their goals reflected in their HRM practices and make it their core competence in the competing strategy. Also the HRM system that could actualize the high value added era that the new kind of combination in the human resources and technology is asked for.