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






 | #2553846 in eBooks |  2003-04-28 |  2003-04-28 | File Name: B001FB64L2


|| |'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

Sea-Jin Chang argues that the Korean financial crisis of 1997 was due to the inertia of both the business groups known as chaebols and the Korean government which prevented adaptation to changing external environments. Once the Korean government stopped central economic planning and pursued economic liberalization in the 1980s, the transition created a void under which neither the government nor markets could monitor chaebols' investment activities. The intricate web of...


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