Jump to ContentJump to Main Navigation
After-Development DynamicsSouth Korea's Contemporary Engagement with Asia$
Users without a subscription are not able to see the full content.

Anthony P. D'Costa

Print publication date: 2015

Print ISBN-13: 9780198729433

Published to Oxford Scholarship Online: November 2015

DOI: 10.1093/acprof:oso/9780198729433.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use.date: 19 May 2022

Limits to Korean business expansion

Limits to Korean business expansion

The case of POSCO in India

(p.163) 9 Limits to Korean business expansion
After-Development Dynamics

Jongsoo Park

Oxford University Press

The deregulation of the Indian economy has made the state of Odisha an attractive destination for large capital-intensive mineral-based projects by private sector firms. The POSCO-India project of Korea’s largest steel company is designed to secure raw materials and penetrate the Indian steel market. This chapter shows that thus far nothing has gone right since the decision to invest in Odisha was made despite the full backing of the Odisha state government. There is opposition to the project, especially from those likely to be displaced from their land and livelihoods. This chapter addresses several related questions such as why POSCO decided to invest in the project and why the Odisha government welcomed the investment? What is the origin of the protests against the project and what are people demanding? The chapter examines the background of the POSCO investment and the discontent of the people in Odisha to address these questions.

Keywords:   POSCO-India project, Indian steel market, secure raw materials, protests, Odisha

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .