Economic crisis and corporate restructuring in Korea : reforming the chaebol
Author(s)
Bibliographic Information
Economic crisis and corporate restructuring in Korea : reforming the chaebol
（Cambridge Asia-Pacific studies）
Cambridge University Press, 2003
- : pbk
Available at / 26 libraries
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Note
Includes bibliographical references and index
Description and Table of Contents
Description
Asian business conglomerates have clearly been successful agents of growth, mobilizing capital, borrowing technology from abroad and spearheading Asia's exports. However, these firms have long had a number of organisational and financial weaknesses, including heavy reliance on debt, that make them vulnerable to shocks. Nowhere was this more true than in Korea, where the large corporate groups known as chaebol have dominated the economic landscape. This collection of essays by leading political scientists and economists provides a comprehensive look at the chaebol problem in the wake of the Asian financial crisis. The authors consider the historical evolution of the chaebol and their contribution to the onset of economic turmoil in 1997. The book analyses the government's short-run response to corporate and financial distress, and outlines an agenda for longer-term reform of the financial system, corporate governance and the politics of business-government relations.
Table of Contents
- Introduction: the political economy of corporate restructuring in Korea Wonhyuk Lim, Stephan Haggard and Euysung Kim
- Part I. The Politics and Economics of the Chaebol Problem: 1. The emergence of the Chaebol and the origins of the 'Chaebol problem' Wonhyuk Lim
- 2. The politics of Chaebol reform, 1980-1997 Byung-Kook Kim
- 3. The government, Chaebol and financial institutions in pre-crisis Korea Joon-Ho Hahm
- 4. Corporate governance and performance of Korean firms in the 1990s Sung Wook Joh and Euysung Kim
- Part II. The Political Economy of Crisis Management: 5. Business-government relations under Kim Dae Jung Jongryn Mo and Chung-in Moon
- 6. The restructuring of Daewoo Dong Gull Lee
- 7. Bank-led corporate restructuring Kyung Suh Park
- Part III. Reform and Restructuring: 8. Corporate bankruptcy system and economic crisis in Korea Youngjae Lim
- 9. FDI and corporate restructuring in post-crisis Korea Mikyung Yun
- 10. Competition law and policy in Korea Kwang-Shik Shin
- 11. Corporate governance reform in Korea Myeong-Hyeon Cho
- Conclusion: whither the Chaebol? Stephan Haggard, Wonhyuk Lim and Euysung Kim.
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