Offspring of Empire

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Offspring of Empire: The Koch'ang Kims and the Colonial Origins of Korean Capitalism, 1876-1945
Offspring of Empire.jpg
Author Carter Eckert
CountryUnited States
LanguageEnglish
Genre Korean history, Economics
Published1991 (University of Washington Press). Paper ed., 1996.
Media typePrint
Pages388
ISBN 978-0-295-97533-7

Offspring of Empire: The Koch'ang Kims and the Colonial Origins of Korean Capitalism, 1876-1945 is a book by Carter Eckert. The book examines the activities of Kyungbang, the first large scale industrial enterprise owned and operated by Koreans. Eckert uses Kyungbang as a "window through which one can explore at a concrete and human level the origins and early development of Korean capitalism." [1] The book partially attributes the Miracle on the Han River to the legacy of Japanese colonial rule in Korea. [2]

Carter J. Eckert is an American academic and author and the Yoon Se Young Professor of Korean History at Harvard University.

Kyungbang is a Korean chemical and textile company established in 1919, with headquarters Seoul, South Korea. Its current CEO and chairman is Joon Kim.

Miracle on the Han River Period of rapid economic growth in South Korea following the Korean War (1950-1953)

The Miracle on the Han River refers to the period of rapid economic growth in South Korea following the Korean War (1950–1953), during which South Korea transformed from a developing country to a developed country. The rapid reconstruction and development of the South Korean economy during the latter half of the 20th century was accompanied by events such as the country's successful hosting of the 1988 Summer Olympics and its co-hosting of the 2002 FIFA World Cup, as well as the ascension of family-owned conglomerates known as chaebols, such as Samsung, LG, and Hyundai.

Contents

Overview

Eckert argues that despite some notable trends towards commercialization in Korea before 1876, Korea did not have a large-scale market for its goods. [3] Between 1876 and 1919, Japan provided Korean landlords with a market for their rice. [4] The Kims, a landowning family from the North Jeolla Province operated a successful rice operation during this period which allowed them to amass capital. [5]

North Jeolla Province Province in Honam, South Korea

North Jeolla Province, also known as Jeonbuk, is a province of South Korea. North Jeolla has a population of 1,869,711 (2015) and has a geographic area of 8,067 km2 located in the Honam region in the southwest of the Korean Peninsula. North Jeolla borders the provinces of South Jeolla to the south, North Gyeongsang and South Gyeongsang to the east, North Chungcheong to the northeast, and South Chungcheong to the north.

Around 1919, a younger generation of Koreans invested significant amounts of capital in non agricultural industries. Some Koreans believed that a modernized Korea would have more control over its own affairs. [6] Eckert argues that while nationalism certainly contributed to Korean industrialization, Japan's decision to halve rice prices made agricultural enterprises unattractive, and the repeal of the Company Law which required all new business in Korea to receive a license from the colonial government removed a significant barrier to industrialization. [7] Kim Seong-su, a member of the Kim family from North Joella founded Kyungbang in 1919, a company devoted to the production of yarn and cloth. [8]

Kim Seong-su South Korean educator, activist, journalist, entrepreneur and politician

Kim Seong-su was a Korean educator, independence activist, journalist, entrepreneur, politician and calligrapher, and the Vice President of South Korea from 1951–1952. He founded Korea University and Dong-A Ilbo. Kim was born in Gochang county, North Jeolla province. Its nickname was Inchon.

From 1919 to 1945, Kyungbang grew substantially. Paid in capital grew from 250,000 to 10,500,000 yen and the number of company looms increased from 100 to 1080. Eckert attributes this growth partially to Japanese colonial rule. [9] Eckert argues that because Kyungbang had difficulty establishing a niche in a textile market dominated by Japanese imports, it could not have survived without government subsidies or loans. [10] Eckert argues that the Japanese colonial government's control over Korean businesses forced enterprises like Kyungbang to work in accordance with industrial goals of the Japanese colonial government. As a result, the Japanese colonial government protected the interests of Korean businesses like Kyungbang. [11] Eckert argues that Kyungbang relied on Japan for its raw materials, machinery, and technical expertise. [12] Furthermore, Eckert argues that Kyungbang's support of the Japanese ideology of Naisen Ittai, which stressed the unity of Japanese and Korean peoples, reveals that the Korean bourgeois had a weak commitment to Korean nationalism. [13]

Reactions

Gi-Wook Shin thought that the book was "well-written" and "provocative"; however, Shin argued that Eckert failed to connect the Japanese colonial legacy to post-World War II developments such as the land reforms of 1949-1950 and the Korean War. He also argued that Eckert did not adequately explore Korea's transformation from an agricultural to industrial economy. [14] Martina Deuchler praised the book saying, "this book must become require reading for all students of East Asia in the twentieth century." [15] Meredith Woo Cummings criticized the book for equating capitalism with industrialization and for characterizing Korean businessmen as being driven by "myopic self interest." [16]

Korean War 1950s war between North and South Korea

The Korean War was a war between North Korea and South Korea. The war began on 25 June 1950 when North Korea invaded South Korea following a series of clashes along the border.

Martina Deuchler is a Swiss academic and author. She was a professor of Korean studies at the School of Oriental and African Studies (SOAS) from 1991 to 2001.

Notes

  1. ↑ Carter J Eckert, Offspring of Empire: The Koch'ang Kims and the Colonial Origins of Capitalism, 1876-1945 (Seattle: University of Washington Press, 1991), xii.
  2. ↑ Eckert, 1-6.
  3. ↑ Eckert, 7-9.
  4. ↑ Eckert, 14-16.
  5. ↑ Eckert, 20-26.
  6. ↑ Eckert,30-37.
  7. ↑ Eckert, 37-39.
  8. ↑ Eckert, 57.
  9. ↑ Eckert, 58.
  10. ↑ Eckert, 79-102
  11. ↑ Eckert 125-126.
  12. ↑ Eckert, 127-153.
  13. ↑ Eckert 235-252.
  14. ↑ Gi-Wook Shin, "Offspring of Empire: The Koch'ang Kims and the Colonial Origins of Capitalism, 1876-1945," American Journal of Sociology 98, no. 5 (March 1993):1237-1239.
  15. ↑ Martina Deuchler, "Offspring of Empire: The Koch'ang Kims and the Colonial Origins of Capitalism, 1876-1945," Bulletin of the School of Oriental and African Studies, University of London 56, no. 1 (1993): 182-183.
  16. ↑ Meredith Woo Cummings, "Offspring of Empire: The Koch'ang Kims and the Colonial Origins of Capitalism, 1876-1945," American Historical Review 98, no. 2 (April 1993): 546-547.

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