Financial Crisis and Transformation of Korean Business Groups: The Rise and Fall of Chaebols / Edition 1

by Sea-Jin Chang

Overview

This book explores the strategies that chaebols—Korean business groups—have pursued by examining their structures and assessing their performance. It highlights the strengths of chaebols that enable their fast growth, as well as the weaknesses that waylaid them when the 1999 Asian crisis occurred. Sea-Jin Chang asserts that the Korean government's restructuring efforts have not been successful and demonstrates why measures that overhaul chaebols' financial structures and strengthen their systems are necessary. He predicts that they will emerge again as stronger, more focused global players.

Product Details

ISBN-13:	9780521814355
Publisher:	Cambridge University Press
Publication date:	04/28/2003
Edition description:	New Edition
Pages:	378
Product dimensions:	6.30(w) x 9.29(h) x 1.18(d)

Table of Contents

1. Introduction; 2. The evolution of chaebols; 3. Chaebols' diversified business structure; 4. Vertical integration of chaebols; 5. The capital structure of chaebols; 6. Chaebols' ownership and governance structure; 7. The restructuring of chaebols; 8. Conclusion; Appendices; Notes; References; Index.

Editorial Reviews

'The strength of this book lies in its thorough examination and detailed analysis of the conglomerates' internal operations, their pre-1997 business performance, and the advantages and disadvantages of their growth strategies.' The Business Economist

From the Publisher