This book examines the history of the chaebol and their role in creating the "economic miracle" as well as the role that they played in bringing about the 1997 crisis in Korea. Author Edward M. Graham argues that, while substantial reform has been accomplished both within the chaebol and in the Korean economy as a whole, the process is far from complete. Indeed, weaknesses within the industrial groups of Korea persist that could cloud Korea's economic future, despite the impressive rebound that the Korean economy has experienced since 1998. Graham explores the uncorrected weaknesses in depth and lays out the steps that should be now taken.
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