The growth of Korean immigrant entrepreneurship in Chicago

Abstract

Abstract The growth of Korean immigrant entrepreneurship in Chicago is a product of three interacting factors: employment opportunities in the general labour market, resource mobilization, and business opportunity structures. Because of their language barrier and less transferable education and occupational skills in the American labour market, many Korean immigrants could not find white‐collar occupations for which they had been trained. Disadvantaged, but still strongly motivated for upward economic mobility in the United States, many of them became self‐employed business owners. Korean immigrants’ middle‐class backgrounds and their stable family structures and strong family ties helped them to realize their goal of business ownership. In addition, social networks based on kinship, friendship, church membership, and school ties provided prospective business owners with financial assistance, training, business advice, and information about business opportunities. The first business opportunities for Kore...