Korean firms have been vigorously searching and exploring overseas market opportunities through export and overseas investment. As of end of 2019, there were more than 80,000 Korean overseas subsidiaries all over the world. With Korean overseas direct investment increasing recently, it became one of the important issues for overseas investors to be successful in the global market. There are a lot of studies on factors influencing the performance of overseas subsidiaries such as ‘firm’ and ‘country’ factors. This study empirically examines subsidiary performance determinants with ‘industry architectures’ by using a sample of 292 overseas Korean firm subsidiaries. Industry architectures are the stable but evolving sets of rules and roles through which labor is divided within a sector. This article considers how industry architectures shape success in international expansion. Industry architectures differ between countries, are not necessarily technologically determined, shape firms’ capabilities and their competitive environment, and constitute a distinct level of analysis. We extract antecedents of related theory and empirically test its impact with a survey of Korean firms expanding in emerging economies. We would say this is the first study which tries to focus on industry architectures with the performance of Korean overseas subsidiaries. We find that separability and similarity of industry architectures across countries and localization of subsidiaries are robust and important predictors of success in international expansion. Our results suggest that industry architectures should be added to firm and country as an intermediate level of analysis that helps explain success in international expansion. While we established a pattern, much more remains to be done. We focus on the success of foreign operations, but we do not consider the broader benefits of going abroad, such as the learning or network effects that accrue at the level of the entire firm. The next obvious question is whether the results would differ in the developed market context. These we leave for future research to consider.

기업들이 저원가와 높은 품질을 동시에 추구하게 됨에 따라 제품 아키텍처 기반 경쟁은 기업 전략의 중요한 일부가 되었다. 본 연구는 한⋅중 조선 산업(LNGC)분야 대표기업의 제품 아키텍처와 조직역량을 비교 분석하여 그들이 어떻게 혁신성과를 이루어 냈는지 고찰하였다. 그 결과, 한국기업은 동력계열의 연구개발에 있어 FGSS(Fuel gas supply system), PRS(Partial Re-liquefaction System)와 같이 에너지 효율을 개선하는 장치를 자체 개발하여 기존엔진에 추가하고, 선체 무게를 경량화 하는 등 다양한 미세조정 노력을 통해 우수한 성능을 가지게 하였다. 이는 우수한 연구조직 역량과 현장과의 긴밀한 협업을 통해 실현되었으며, 고부가가치선의 높은 매출로 이어질 수 있었다. 반면 중국 기업은 설계 및 연구개발의 편의성에 집중하여, 기존의 부품에 대한 미세조정 노력을 소홀히 했고 그 결과 동일한 부품을 사용하고도 한국의 선박에 비해 7-10% 낮은 연비 효율을 지닌 것으로 나타났다.

While Shandong Province is the largest historical and cultural and the first agricultural province in China, in recent years, due to the accelerated urbanization and modernization process, the conflict between traditional culture and modern civilization has had a serious impact on rural culture, and the ancient architecture among the villages in Shandong has also caused certain damage. These ancient buildings scattered in various villages in Shandong are important historical and cultural resources, the embodiment of Shandong traditional culture, and have an important role in the revitalization of rural culture and the enhancement of rural cohesion. However, research on the subsequent survey, conservation and restoration, and tourism development of ancient buildings in Shandong has lagged behind, and the role of these buildings in the inheritance of traditional Shandong traditional culture has not been given due attention, and their role in the construction of rural culture in the new era of Shandong has been seriously neglected. Tourism utilization is generally considered to be the preferred way to solve the conservation problems of ancient buildings. This study argues that the cultural revitalization of rural culture can be driven by the tourism and cultural industry of ancient buildings, and it can also provide a strong and sustainable power source for the rural revitalization strategy of the whole Shandong Province.