한국기업의 대중국 투자 특성별 투자 동기 검증 = An Empirical Analysis of Investment Motivation of Korea Company’s Investment in China

다국어 초록 (Multilingual Abstract)

This paper focuses on an empirical analysis about what themain investmentmotivations and determinants of Korean company’s FDI to the China are interms of foreign investment purpose, size and form. Investment purpose in thispaper is devided into three kinds of investment like for reduction of productioncost, for entry of domestic market and for export promotion, investment formsare classified with independent joint venture, joint venture and contractual jointventure, lastly investment sizes mean big business and small medium sizedcompany’s investment. This article selects mainly analysis object region asfollows: Shandong, Jiangsu, Guangdong, Shanghai, Tianjin, Liaoning whichKorean company’s FDI intensively invested among the national wide provinces.
Key outcome of an empirical test according to analysis puspose will be surmarized asfollows:First, it is verified that correlationship between investment motivation andimportant economic variables like wage, numbers of labor, trade volume, andtotal amount of retail are very high, regardless of company’s size like bigbusiness and small medium sized company. Therefore, no matter how companysize is, all of Korean investment company in China have two kinds ofinvestment goal including purposes for reduction of production cost and for entry of domestic market.
Second, it is confirmed that derived finding of correlation between Koreaninvestment company’s motivation in terms of investment form and Chineseregional economic variables take high degree of significance with wage, numbersof labor and trade volume, but there is no relationship with total amount ofretail which means economic variable for entry of domestic market.
Third, meanwhile, independent joint venture has high significance with all ofeconomic variables selected for this analysis, particularly with variable like totalamount of retail which is deeply related with purpose for entry of domesticmarket.
Forth, in the Korean company’s investment purpose in China, there is highcorrelation with all of regional economic variables including wage, total amountof retail and numbers of labour, trade volume especially in terms of purpose forutilization of low wage, so it is verified basic common determinant variable ofinvestment motivation in China.
It is so meaningful that this paper verifies Korea company’s investmentmotivation in China with second classified foreign investment statisticscharacteristically, but also there is need to research in detail about correlationbetween independent joint venture and purpose for entry of domestic market.

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