Publications
Publications
- July 2021 (Revised October 2023)
- HBS Case Collection
K.C. Li: The Tungsten King
By: Geoffrey Jones and Casey Verkamp
Abstract
This case examines the business career of Kuo-Ching Li, who was born in China in 1892, and built a successful minerals trading business called Wah Chang in the United States during the interwar years. He acquired a prominent role in tungsten, the strongest natural metal on earth, and during World War II he played a major role in securing supplies of the strategic mineral from China and Latin America for the United States war effort. The case is set against the background of the era of the Chinese Exclusion Acts between 1882 and 1943 which largely curtailed Chinese immigration to the United States and denied ethnic Chinese citizenship. It explores how Li was able to build his brokerage business in such a setting on the basis of contacts in both China and the United States. It ends with the Communist Revolution in China in 1949 which appeared to threaten his dual identity.
Keywords
Immigration Acts; Racial Bias; Globalization; Government and Politics; Business History; Entrepreneurship; Business and Government Relations; Mining Industry; China; United States; Latin America
Citation
Jones, Geoffrey, and Casey Verkamp. "K.C. Li: The Tungsten King." Harvard Business School Case 322-024, July 2021. (Revised October 2023.)