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

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

Paperback

Business GeneralInvesting & Finance

ISBN10: 0521025192
ISBN13: 9780521025195
Publisher: Cambridge
Published: Mar 16 2006
Pages: 380
Weight: 1.22
Height: 0.85 Width: 6.00 Depth: 9.00
Language: English
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.

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