Kyongsong


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Kyongsong:

see SeoulSeoul
, city (1995 pop. 10,229,262), capital of South Korea, NW South Korea, on the Han River. It has special status equivalent to that of a province. The political, commercial, industrial, and cultural center of the nation, Seoul is by far the most important city in the
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, South Korea.
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McNamara uses the case study of the premier Korean-owned manufacturing company in the Japanese colonial period, Kyongsong Spinning and Weaving Co., to illustrate that without extensive financial support from the Japanese colonial authorities, even this exemplar of modernity would have gone bankrupt in the 1920s and 1930s.
The organizational structure he uses to explore his subject consists of three case studies of Korean business families, one in finance (the Mins), another in commerce (the Paks), and another in industry (the Kims, who are the owners of the textile company of Kyongsong).