A Comparison of Thai and Korean on Corporate Culture and Management Style

Abstract

This study investigates the differences in Thai and Korean on corporate culture and management style. A number of studies have investigated various aspects and characteristics of “Chaebol system” for Korean firms and many of Thai corporate culture has received considerable attention in business literature. However, there is no study that compares the overall characteristics of corporate culture of Korean and Thai firms. In this study, I attempt to do such comparisons by using qualitative technique obtained from various sources of information and academic journals. The Confucianism and Hofstede's national culture value were used as models for this comprehensive investigation. Finally, the research findings showed some striking similarities between Korean firm and Thai firm in terms of Quasi-lifetime employment, mobility in evaluation and promotion, implicit control mechanism, and autocratic and consultative decision making.