Economic Crisis and Corporate Restructuring in Korea

Economic Crisis and Corporate Restructuring in Korea

EnglishPaperback / softbackPrint on demand
Cambridge University Press
EAN: 9780521131711
Print on demand
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Detailed information

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.
EAN 9780521131711
ISBN 0521131715
Binding Paperback / softback
Publisher Cambridge University Press
Publication date February 18, 2010
Pages 368
Language English
Dimensions 229 x 152 x 21
Country United Kingdom
Readership Professional & Scholarly
Illustrations Worked examples or Exercises
Editors Haggard Stephan; Kim Euysung; Lim Wonhyuk
Series Cambridge Asia-Pacific Studies