Reforming Korea's Industrial Conglomerates

Reforming Korea's Industrial Conglomerates

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An examination of the reasons for the failure of chaebol in South Korea: Moral hazard? Bad internal management? The author compares answers to these questions with policy changes introduced in Korea in response to the economic crisis, and makes recommendations for fixing structural problems.In January 2001 Chung Mun-hoon barely averted loss of control of the firm to creditors, but in June 2001 a consortium of these creditors, led ... States, where both the Hyundai and Kia brand names were selling reasonably well in spite of continuing quality and image problems. ... In particular, Hyundaia#39;s Santa Fe sport utility vehicle and its relatively low-priced Sonata luxury sedan were both selling well, anbsp;...

Title:Reforming Korea's Industrial Conglomerates
Author: Edward Montgomery Graham
Publisher:Peterson Institute - 2003-01

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