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han-wan - 1 Irony in Steel – Foundation Myths of Shin...

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1 Irony in Steel – Foundation Myths of Shin Nippon Steel, and POSCO Han, Sung-Hun [email protected] and Henry Wan, Jr . [email protected] Cornell University Paper prepared for the 3 rd APEA Meeting, Hong Kong, June 2007 Abstract This study reviews the considerations of the Japanese and Koreans in negotiating the founding of the Pohang Steel Corporation (POSCO), soon after the establishment of the Shin Nippon Steel Corporation. s as an inquiry into the issues of industrial adjustment, in managing the maturation and decline of an industry. The key issue is: did the MITI help to create a future rival? Key Words: Comparative advantage Product cycles Corresponding co-author < [email protected]>
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