http://books.cambridge.org/0521823633.htm

Economic Crisis and Corporate Restructuring in Korea: Reforming the Chaebol
Edited by Stephan Haggard, Wonhyuk Lim, Euysung Kim

2003 | Hardback | 364 pages 20 line diagrams 78 tables 20 figures | ISBN: 0521823633

Asian 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 organizational 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 analyzes 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.

Contents

1. Introduction: The Political Economy of Corporate Restructuring
　Wonhyuk Lim, Stephan Haggard and Euysung Kim

Part I. The Politics and Economics of the Chaebol Problem

2. The Emergence of the Chaebol and the Origins of the Chaebol problem
　Wonhyuk Lim

3. The Politics of Chaebol Reform, 1980-1997
　Byung-Kook Kim

4. The Government, Chaebol and Financial Institutions before the Economic Crisis
　Joon-Ho Hahm

5. Corporate Governance and Performance of Korean Firms in the 1990s
　Sung Wook Joh and Euysung Kim

Part II. The Political Economy of Crisis Management

6. Business-Government Relations under Kim Dae-jung
　Jongryn Mo and Chung-in Moon

7. The Restructuring of Daewoo
　Dong Gull Lee

8. Bank-led Corporate Restructuring
　Kyung Suh Park

Part III. Reform and Restructuring

9. The Corporate Bankruptcy System and the Economic Crisis
　Youngjae Lim

10. Foreign Direct Investment and Corporate Restructuring after the Crisis
　 Mikyung Yun

11. Competition Law and Policy
　 Kwang-Shik Shin

12. Reform of Corporate Governance
　 Myeong-Hyeon Cho

13. Conclusion: Whither the Chaebol?
　 Stephan Haggard, Wonhyuk Lim and Euysung Kim.

http://books.cambridge.org/0521823633.htm