Economic Crisis and Corporate Restructuring in Korea Reforming the Chaebol

Economic Crisis and Corporate Restructuring in KoreaReforming the Chaebol\nAuthor(s): Stephan Haggard, Wonhyuk Lim, Euysung Kim\nFormat: Paperback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521131711, 978-0521131711\nSynopsis\nAsian 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 .