This study empirically analyzes the factors influencing the level of control that Korean multinational corporations impose on their overseas subsidiaries. The analysis results show the following: First, applying information processing theory to headquarters-level strategy, it was confirmed that the more a headquarters adopts a multidomestic strategy, the lower its level of control over subsidiaries. Second, the higher the subsidiary's knowledge absorptive capacity, the lower the headquarters' level of control over the subsidiary. Third, the higher the subsidiary's local network embeddedness, the lower the headquarters' level of control over the subsidiary. These results demonstrate that both headquarters strategy and subsidiary factors influence control levels. In particular, regarding subsidiary factors, resource dependence theory and bargaining power theory were applied to empirically analyze how, as subsidiary capabilities increase, resource dependence on the headquarters decreases, and furthermore, the increased bargaining power leads to lower levels of subsidiary control.