-Performance management in South Korea. Work relationships in South Korea are hierarchical in nature and
Emphasize the important of groups over individuals. More recently, the establishment of a democratic
government in 1987 and the Asian financial crisis of 1997 affected organizational practices substantially.
Specifically, the financial crisis led many organizations to adopt what in Korean is called Yunbongie (i.e., merit-
based systems). The current challenge is how to reconcile a merit-based approach with more traditional cultural
values.