The historical development of Japanese trading companies is reviewed. The seven year history of Korean General Trading Stock trade sogo is analyzed with regard to their historical background, modus operandi, and current problems.
The analysis reveals that most of the Korean GTCs, in spite of their impressive performance in terms of trade volume, have experienced severe deterioration of profitability. Finally, the paper states the change of the Korean Government’s policy on the GTCs and contemplates its implication for GTCs’ future direction within the context of the definition of trading company. Check if you have access through your login credentials or your institution. August 1984 as Visiting Associate Professor of General Management at Harvard Business School, Boston, Massachusetts.
1984 Published by Elsevier Inc. This page can’t be displayed. Contact support for additional information. The incident ID is: 1715662336070761824. Tell us how we can improve our website.
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