@article{ART003183684},
author={Seokdong Kim},
title={Responding to Local Extinction Crisis through Shared Growth Between Large Firms and SMEs in South Korea: Shared Growth Between the Metropolitan and Non-metropolitan Areas as an Contribution of Economic Democratization on Decentralization},
journal={The Journal of Northeast Asia Research},
issn={2005-4432},
year={2025},
volume={40},
number={1},
pages={147-192},
doi={10.18013/jnar.2025.40.1.005}
TY - JOUR
AU - Seokdong Kim
TI - Responding to Local Extinction Crisis through Shared Growth Between Large Firms and SMEs in South Korea: Shared Growth Between the Metropolitan and Non-metropolitan Areas as an Contribution of Economic Democratization on Decentralization
JO - The Journal of Northeast Asia Research
PY - 2025
VL - 40
IS - 1
PB - The Institute for Northeast Asia Research
SP - 147
EP - 192
SN - 2005-4432
AB - My research discusses how to overcome the crisis of local extinction through shared growth between large firms and small and medium-sized enterprises (SMEs) in South Korea. If the government expands investment in the non-metropolitan area by leading partnerships between large firms and SMEs, decentralization between the Seoul metropolitan area and non-metropolitan areas can be strengthened in the economic dimension. My paper seeks to achieve shared growth between the metropolitan area and the non-metropolitan area by embodying economic democratization as shared growth between large firms and SMEs. The institutionalist analysis of my paper argues that an economy of shared growth between large firms and SMEs can lead to sustainable economic growth rather than an economy centered on large firms in the economic stage of developed countries. If the headquarters and R&D departments of large firms and medium-sized enterprises move to the provinces along with shared growth between large firms and medium-sized enterprises, the metropolitan and non-metropolitan areas can narrow the gap in economic power and quality of life. In Korea, power can effectively be dispersed through economic decentralization beyond political and administrative decentralization. My comparative case study confirms that, in many developed countries that have been pursuing decentralization, many large firms have been dispersed to the non-metropolitan area to achieve balanced national development between the central and local regions.
KW - Large Firm;Small and Medium-Sized Enterprise (SME);Shared Growth;Economic Democratization;Decentralization;Local Extinction
DO - 10.18013/jnar.2025.40.1.005
ER -
Seokdong Kim. (2025). Responding to Local Extinction Crisis through Shared Growth Between Large Firms and SMEs in South Korea: Shared Growth Between the Metropolitan and Non-metropolitan Areas as an Contribution of Economic Democratization on Decentralization. The Journal of Northeast Asia Research, 40(1), 147-192.
Seokdong Kim. 2025, "Responding to Local Extinction Crisis through Shared Growth Between Large Firms and SMEs in South Korea: Shared Growth Between the Metropolitan and Non-metropolitan Areas as an Contribution of Economic Democratization on Decentralization", The Journal of Northeast Asia Research, vol.40, no.1 pp.147-192. Available from: doi:10.18013/jnar.2025.40.1.005
Seokdong Kim "Responding to Local Extinction Crisis through Shared Growth Between Large Firms and SMEs in South Korea: Shared Growth Between the Metropolitan and Non-metropolitan Areas as an Contribution of Economic Democratization on Decentralization" The Journal of Northeast Asia Research 40.1 pp.147-192 (2025) : 147.
Seokdong Kim. Responding to Local Extinction Crisis through Shared Growth Between Large Firms and SMEs in South Korea: Shared Growth Between the Metropolitan and Non-metropolitan Areas as an Contribution of Economic Democratization on Decentralization. 2025; 40(1), 147-192. Available from: doi:10.18013/jnar.2025.40.1.005
Seokdong Kim. "Responding to Local Extinction Crisis through Shared Growth Between Large Firms and SMEs in South Korea: Shared Growth Between the Metropolitan and Non-metropolitan Areas as an Contribution of Economic Democratization on Decentralization" The Journal of Northeast Asia Research 40, no.1 (2025) : 147-192.doi: 10.18013/jnar.2025.40.1.005
Seokdong Kim. Responding to Local Extinction Crisis through Shared Growth Between Large Firms and SMEs in South Korea: Shared Growth Between the Metropolitan and Non-metropolitan Areas as an Contribution of Economic Democratization on Decentralization. The Journal of Northeast Asia Research, 40(1), 147-192. doi: 10.18013/jnar.2025.40.1.005
Seokdong Kim. Responding to Local Extinction Crisis through Shared Growth Between Large Firms and SMEs in South Korea: Shared Growth Between the Metropolitan and Non-metropolitan Areas as an Contribution of Economic Democratization on Decentralization. The Journal of Northeast Asia Research. 2025; 40(1) 147-192. doi: 10.18013/jnar.2025.40.1.005
Seokdong Kim. Responding to Local Extinction Crisis through Shared Growth Between Large Firms and SMEs in South Korea: Shared Growth Between the Metropolitan and Non-metropolitan Areas as an Contribution of Economic Democratization on Decentralization. 2025; 40(1), 147-192. Available from: doi:10.18013/jnar.2025.40.1.005
Seokdong Kim. "Responding to Local Extinction Crisis through Shared Growth Between Large Firms and SMEs in South Korea: Shared Growth Between the Metropolitan and Non-metropolitan Areas as an Contribution of Economic Democratization on Decentralization" The Journal of Northeast Asia Research 40, no.1 (2025) : 147-192.doi: 10.18013/jnar.2025.40.1.005
