Finding the determinants of the choice of foreign market entry by the Korean venture firms can be useful for the others at this time when they have been tried to go abroad. Overseas market environments, entrepreneurial orientation and strategic capabi...
Finding the determinants of the choice of foreign market entry by the Korean venture firms can be useful for the others at this time when they have been tried to go abroad. Overseas market environments, entrepreneurial orientation and strategic capabilities of Korean ventures are considered as main concepts in this study. We analysed 200 firms, which are composed of ventures in Daeduck Valley and Seoul Metropolitan Area, the results of the study show that R&D capability, experiences and competition in the foreign markets, and proactiveness are related to foreign market entry of Korean venture firms significantly. Among these four variables, R&D capability of venture firms is shown as the most affective variable explaining the very decision making. It means that the results of this study show the typical pattern of technology-based Korean ventures.