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    Economic Crisis and Corporate Restructuring in Korea: Reforming the Chaebol (Cambridge Asia-Pacific Studies) (Hardback) Edited by Stephan Haggard, Edited by Wonhyuk Lim, Edited by Euysung Kim

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    DescriptionAsian 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 the onset of economic turmoil in 1997. The book analyses the government's short-run response to corporate and financial distress, and outlines an agenda for longer-term reform of the financial system, corporate governance and the politics of business-government relations.


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  • Full bibliographic data for Economic Crisis and Corporate Restructuring in Korea

    Title
    Economic Crisis and Corporate Restructuring in Korea
    Subtitle
    Reforming the Chaebol
    Authors and contributors
    Edited by Stephan Haggard, Edited by Wonhyuk Lim, Edited by Euysung Kim
    Physical properties
    Format: Hardback
    Number of pages: 364
    Width: 152 mm
    Height: 228 mm
    Thickness: 28 mm
    Weight: 699 g
    Language
    English
    ISBN
    ISBN 13: 9780521823630
    ISBN 10: 0521823633
    Classifications

    BIC E4L: ECO
    Nielsen BookScan Product Class 3: S4.5
    BIC subject category V2: KC
    BIC geographical qualifier V2: 1FM
    BIC subject category V2: KJ
    BIC geographical qualifier V2: 1FPK
    BIC subject category V2: KCP
    BISAC V2.8: BUS069000
    BIC geographical qualifier V2: 1FP
    BISAC V2.8: BUS070000, BUS068000
    DC21: 330.9519
    BIC subject category V2: 1FP, 1FM, 1FPK
    LC classification: HD2756.2.K8 E26 2003
    LC subject heading:
    Thema V1.0: KJ, KC
    Illustrations note
    20 b/w illus. 78 tables
    Publisher
    CAMBRIDGE UNIVERSITY PRESS
    Imprint name
    CAMBRIDGE UNIVERSITY PRESS
    Publication date
    01 March 2003
    Publication City/Country
    Cambridge
    Review quote
    Review of the hardback: ' ... a well-planned volume. ... written by sophisticated political economists. The Haggard, Lim and Kim volume is a significant addition to the literature on the Asian financial crisis.' International Affairs Review of the hardback: 'This study will probably become the leading reference in English on how Korean policymakers addressed the chaebol issue in the aftermath of the 1997 crisis.' The Journal of Asian Studies
    Table of contents
    Introduction: the political economy of corporate restructuring in Korea Wonhyuk Lim, Stephan Haggard and Euysung Kim; Part I. The Politics and Economics of the Chaebol Problem: 1. The emergence of the Chaebol and the origins of the 'Chaebol problem' Wonhyuk Lim; 2. The politics of Chaebol reform, 1980-1997 Byung-Kook Kim; 3. The government, Chaebol and financial institutions in pre-crisis Korea Joon-Ho Hahm; 4. Corporate governance and performance of Korean firms in the 1990s Sung Wook Joh and Euysung Kim; Part II. The Political Economy of Crisis Management: 5. Business-government relations under Kim Dae Jung Jongryn Mo and Chung-in Moon; 6. The restructuring of Daewoo Dong Gull Lee; 7. Bank-led corporate restructuring Kyung Suh Park; Part III. Reform and Restructuring: 8. Corporate bankruptcy system and economic crisis in Korea Youngjae Lim; 9. FDI and corporate restructuring in post-crisis Korea Mikyung Yun; 10. Competition law and policy in Korea Kwang-Shik Shin; 11. Corporate governance reform in Korea Myeong-Hyeon Cho; Conclusion: whither the Chaebol? Stephan Haggard, Wonhyuk Lim and Euysung Kim.