The purpose of this paper is to review the past and the present and to seek the future directions of Korean management studies by examining the papers published at Korean Management Review (KMR), the first and the best scholastic journal in the field of business administration in Korea. Specifically, this study has investigated all 1,618 articles published at Korean Management Review from 1971, the year of first publication, to May 2015 and analyzed main research topics for four periods of time: 1971-1989; 1990-1999; 2000-2009; 2010 and onwards. According to our analysis, from 1971 to 1989, KMR contributed to the establishmentofinstitutionsandpoliciesforeconomicdevelopmentbysuchstudiesassecurities market,accountingstandardsandprinciples, establishmentof businesseducationandphilosophy in the Korean context, introduction of up-to-date business and management theories, and comparativestudiesbetweenKoreaandforeignstates.Inaddition,inlate1980s,wheneconomic conditions turned unfavorable, KMR contributed to the improvement of business efficiency by increasing publications on such critical issues as industrial relations and performance improvements. In1990s, uponglobalization, KMRincreasedresearchininternational business andstrategicmanagementfieldsignificantlyaswellasstudiesonmarketsandbrands. Before and after the IMF crisis, KMR published more studies related to economic crisis. In 2000s, KMR made uncertainties and innovation the important issues and introduced studies on start-ups and small entrepreneurial firms from various perspectives. Moreover, KMR gave more attention to research onHallyuand contents as well as the Internet. Since 2010, KMR hosted more studies on uncertainties, sustainability, and corporate social responsibilities. By looking at these trends, this study has reached the conclusion that KMR has had the high * KoreaUniversity ** KoreaUniversity *** The Universityof Suwon degree of relevance. This study has also performed analysis on life cycles and networks of keywords, based onwhich this paper suggestsa possibility of more development inproductive interdisciplinary research onafewkey researchagenda throughKMR. Inaddition, this study hasobservedtheenhancedrigorbylookingatchangesinbasicmeasuressuchastheweightof journal articles in references and the number of co-authors. This study provides important implications for the establishment of Korean-style management that will guide the future economicdevelopmentinKoreabyinvestigatingtheeffectof businesstheoriesinKoreaonthe economic development in Korea.