Samsung and LG comparison

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The different types and patterns of technology acquisition by Korean companies Korea’s success has been founded on its ability to acquire and develop foreign technologies at different stages of its economic development. It can be easily observed through the years, how Korean way of gaining access to foreign technology has changed. It started through a combination of informal learning, licensing, mastery of production methods, OEM arrangements, and finally technological alliances. 1960s The evolution of Korea’s technology strategy began in about 1960’s. Korean firms focused mainly on labour-intensive industries, such as textiles, plywood and apparel. In that industries they had a distinct advantage in low labour costs. According this technologies Korean firms learned through informal channels such as the trade literature, equipment suppliers, and foreign buyers. Foreign buyers helped Korean firms through their visits, when the newest designs, styling and technical specifications were shown. Government helped was based mainly on securing low-interest loans that were channelled for investment. Their main aim was to protected targeted sectors. 1970s In the 1970s, capital intensive industries, such as steel and metal products, shipbuilding, machinery, and automobiles, replaced labour-intensive industries. The major mechanisms for the acquisition and development of production capabilities. Technical consultation and licensing were also often used for relatively complicated technologies in shipbuilding and integrated steel mills. During whole 1970s, companies fitted with low-end or mature technology could most efficiently acquire advanced technologies through simple methods like turnkey packaging and licensing. 1980s In the 1980s, Korea began to enter more technologically advanced industries, such as electronics. The products were more differentiated, which
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