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Economic crisis and corporate restructuring in Korea

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Lim, W.. 0-521-82363-3 edic.2006 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 organizational 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 probl

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