Doctoral Dissertation Research: Cultural Analysis of Risk Management in the Korean Venture Capital Industry

0108938马库斯/钟这篇论文的研究项目，由文化人类学的学生探讨如何在韩国最近的尝试，建立和促进风险投资行业的增长已经形成了突出的韩国文化机构。该项目将研究风险资本业的风险管理，风险资本业的定义是为技术密集型企业提供资金的公司，这些企业的特点是高风险，有可能获得高回报，受到韩国社会关系优先于金融的传统价值观的影响;人际关系的质量;以及情感反应的质量。在韩国建立风险资本行业之前，企业家通常完全依靠自己的储蓄来资助他们的商业项目，这些储蓄通常来自非正式的信贷协会，来自家人和朋友的礼物和贷款，有时来自贷款机构的信贷。 许多用来理解和最大限度地减少资本损失风险的战略都涉及培养特定文化的社会纽带。 使用各种定性方法，本项目将描述和评估这些文化知情的社会实践告知风险资本投资在四个公司的程度：外国风险资本公司;国内风险资本公司;初创通信公司寻求资金;和一个更传统的旋转信贷协会。将检验有关交易的具体“韩国”性质与外国参与关系的程度的假设。这个项目所创造的新知识将有助于在这个商业领域找到文化和资本主义框架之间的交叉点。 通过了解韩国对风险投资的影响，我们将进一步了解美国文化对类似业务的影响。 此外，这项研究还增进了我们对世界这一重要地区的了解，并有助于培养一名年轻的社会科学家。

0108938Marcus / Chung This dissertation research project by a cultural anthropology student examines how recent attempts in South Korea to establish and promote the growth of venture capital industry have been shaped by salient Korean cultural institutions. The project will study risk management in the venture capital industry, defined as firms that fund technology-intensive enterprises characterized by high risk with the potential for high return, as affected by traditional Korean values of the primacy of social relations over finance; the quality of human relations; and the quality of emotional reactions. Prior to the establishment of a venture capital industry in South Korea, entrepreneurs usually relied solely on their own savings, often from informal credit associations, gifts and loans from family and friends, and sometimes credit from lending institutions, to finance their business projects. Many of the strategies used to understand and minimize the risk of capital loss involved the cultivation of culturally specific social bonds. Using a variety of qualitative methods, this project will describe and assess the degree to which these culturally informed social practices inform venture capital investment in four firms: a foreign venture capital company; a domestic venture capital company; a start-up communication company seeking funding; and a more traditional rotating credit association. Hypotheses relating the specifically "Korean" nature of transactions to the level of foreign involvement in the relationship will be tested. The new knowledge created by this project will help locate the intersection between cultural and capitalistic frameworks in this domain of business. By understanding Korean influences on venture capital investment, we will further our understanding of the influence of US culture on similar business. In addition, the research advances our knowledge of this important region of the world, and contributes to the training of a young social scientist.