Management research in Korea has been actively conducted over the past 30 years, with more than 4,000 papers published in academic journals. However, these studies have contributed little to developing theories appropriate for the Korean business environment for two reasons. First, when examined in light of theories about the theory development process, there is a serious mismatch between the theories we need and the research methodologies our scholars employ. That is, most studies have either directly introduced theories from advanced countries or have focused on analytical research testing deductive hypotheses derived from advanced-country theories without adequately considering the Korean context. What should come first is theory-generating research that provides in-depth descriptions of Korean phenomena. Without an accumulation of such descriptive theories, no amount of deductive hypothesis-testing research can contribute meaningfully to developing theories suited to the Korean business environment. This problem originated from the biased doctoral education at American universities. However, even in the United States, voices of reflection on this issue have been growing louder. Second, from the perspective of the research process, despite the rapid increase in the number of research papers, few critical review articles have been written to evaluate and integrate them, resulting in a lack of proper direction for research. Korean management research cannot continue on this path. Serious reflection and a new turning point must be established.