Crisis and restructuring in East Asia : the case of the Korean chaebol and the automotive industry

Author(s)

    • Jeong, Seung-il

Bibliographic Information

Crisis and restructuring in East Asia : the case of the Korean chaebol and the automotive industry

Seung-il Jeong

Palgrave Macmillan, 2004

  • : cloth

Available at  / 22 libraries

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Note

Originally presented as the author's thesis (Ph.D.)--Free University of Berlin

Includes bibliographical references (p. 242-256) and index

Description and Table of Contents

Description

This book criticizes the widespread view that the 1997 Asian crisis was due to 'crony capitalism' and puts the blame instead on misguided liberalization. It analyzes the case of Korea's business conglomerates, the chaebol, with particular attention to the car industry, to show how liberalization contributed to the crisis even at the level of the firm. It shows how those firms that had developed innovative capabilities survived the crisis much better than those that had merely expanded into markets opened up by liberalization.

Table of Contents

Introduction The Asian Crisis of 1997 and Its Causes Korea's Economic Institutions and the Crisis The Chaebol's Corporate Governance and the Crisis Korea's Automotive Industry: 1960-90s Hyundai Motor Company Daewoo's Global Management Comparison of Hyundai and Daewoo in R&D The Chaebol's Diversification: Ssangyong and Samsung Conclusion: Crisis, Restructuring, and the Future of Korea

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