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

Chang, Sea-Jin

Softcover

ISBN 10: 0521025192 ISBN 13: 9780521025195

Publisher: Cambridge University Press, 2006

Synopsis

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.

About this title

Book Description:

This book explores the strategies that chaebols--Korean business groups--have pursued, examines their structures, and assesses their performance. In doing so, it highlights the strengths of chaebols that enabled their fast growth, as well as the weaknesses that waylaid them when the Asian crisis occurred. Professor Chang argues that the Korean government's restructuring efforts have not been successful. The treatment shows why measures that overhaul chaebols' financial structures and strengthen their systems of corporate governance are necessary. The author predicts that chaebols will reemerge as stronger, more focused global players.

Review:

'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

About this edition

• Publisher: Cambridge University Press
• Publication date: 2006
• ISBN 10: 0521025192
• ISBN 13: 9780521025195
• Binding: Paperback
• Number of pages: 380