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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'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
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.
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