Our study seeks to achieve three objectives. First, we identify the main dimensions that shape the outcomes of business-CSO collaborations from the literature. Second, due to the scarcity of research on this topic in the context of South Korea, we examine to what extent the knowledge predominantly derived from other contexts is applicable in this research setting. Lastly, based on our findings, we theorize about the implications for MNEs seeking to enter South Korea. To do this, we followed a multi-stage pattern matching process comprising of qualitative flexible pattern matching and full pattern matching using SmartPLS.