Download or read book Corporate Governance in Korea at the Millennium written by Barry Metzger and published by . This book was released on 2015 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: The core of this article is our May 2000 Report to the Ministry of Justice of the Republic of Korea. The Report reviews South Korea's corporate governance system and recommends legal reforms to improve Korean corporate governance and protect against a repeat of Korea's governance-related financial crisis of 1997-1998. The Report's principal recommendations include enhancing the role of public company boards of directors, strengthening independent director and non-interested shareholder review of related party transactions, and requiring cumulative voting and preemptive rights for public companies. The Introduction by Bernard Black that precedes the Report discusses the ongoing transition in Korean corporate governance, and the political and economic forces behind that transition.Note: This paper is identical to the article as published in the Journal of Corporation Law. The published article is available, without the Stanford Law and Economics cover page, at lt;a href=http://papers.ssrn.com/abstract=279064gt; http://papers.ssrn.com/abstract=279064lt;/agt.

Download or read book Corporate Governance in Korea at the Millennium written by and published by . This book was released on 2001 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Competition and Corporate Governance in Korea written by Sung-Hee Jwa and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This informative book will appeal to academics and researchers of industrial organization, economics and corporate reform as well as those involved in Asian studies."--BOOK JACKET.

Download or read book Economic Crisis and Corporate Restructuring in Korea written by Stephan Haggard and published by Cambridge University Press. This book was released on 2003-02-26 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 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.

Download or read book Corporate Governance in Korea written by and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Markets and Corporate Governance in Korea written by Chung-Ho Kim and published by 자유기업원. This book was released on 2001 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Corporate Governance in Asia written by Sang-Woo Nam and published by . This book was released on 2004 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Finance and Corporate Governance for New Decade in Korea Considering 2000 2003 World Bank IMF Reports written by Young-Cheol Jeong and published by . This book was released on 2014 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Immediately after the Asian financial crisis in 1997, Korea signed MOUs with the IMF. In the context of the MOUs, World Bank asked Korean government to spend part of the financial resources available for the financial and corporate restructuring assistance project. On May 15, 2000, the final project report and legal recommendations were delivered to the Korean Ministry of Justice. In line with such report, for the first decade of a new millennium, Korea has taken various radical legal measures to improve finance and corporate governance. This article is to review the trajectory of this exercise from the beginning to the current status of financial and corporate governance in Korea to find the right policy directions for the next decade. From the history of Korean jurisprudence, this attempt can be characterized as the rule of law by transparency. In the 1960s, 70s, 80s and even early 90s, law was nothing more than one of many tools for control. Based on imperfect law, the executive branch was to exercise uncontrolled discretion in making rules. Law was most fearful because nobody knew what it was or what it would be. In 1993, when the military autocratic rule was receded, but first civilian presidency was established, law was a means for reformation. By changing law, changes did occur. They, however, were not totally free from administrative conveniences. Since the 1997 financial crisis, true meaning of rule of law started to formulate itself in the minds of Koreans as it is for expectation and no fear. As the transparency of corporate governance was needed, law should become transparent likewise. After a decade-long experience, Korea is now wobbling between business-friendly law and fair society. Without any ideological dent, rule of law based on transparency and expectation should continue to prosper in Korea, which would lead to a more competitive corporate community. Furthermore, Korean government policies based on rule of law should be fostered for development of active market for corporate control and professional management.

Download or read book The Evolution of Large Corporations in Korea written by Sung-Hee Jwa and published by Edward Elgar Publishing. This book was released on 2002-10-29 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Author Jwa provides a new economic perspective on the evolution of large corporations in Korea.

Download or read book War on Family Property Rights written by Ingyu Oh and published by Taylor & Francis. This book was released on 2022-12-26 with total page 141 pages. Available in PDF, EPUB and Kindle. Book excerpt: As of 2020 South Korea has 14 firms listed on the global Fortune 500, including Samsung, Hyundai, SK, POSCO and LG. The country along with Japan is also one of the only two countries in Asia that are members of the OECD and its Development Assistance Committee (DAC) simultaneously. Furthermore, Korea boasts of its membership in the seven-country 50-30 Club (countries with a population of more than 50 million and a GDP of $30,000 per capita). However, unlike its official status as one of the most developed economies in the world, it still suffers from the backward struggle between the state and the family firms over the issue of property rights and family successions. The corporate governance issue has damaged the reputation of Korean chaebols (family conglomerates) for many decades as founders, and their families had been imprisoned and/or fined for violating inheritance tax laws and related laws associated with the issue of protecting their family ties. The democratically elected governments in Korea since 1987 have tried to reform the chaebol governance structures to ease asset concentration by family members, although many of those have failed due to corruptive practices between the state and the chaebol. This book spells out the current governance problems within the chaebol, state reform policies and both success and failures of the reforms. It was originally published as a special issue of the Asia Pacific Business Review.

Download or read book Korea s Corporate Governance written by Young Ki Lee and published by . This book was released on 1999 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Corporate Governance of Financial Institutions in Korea written by Eun-Hong Kim and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study aims to critically assess the legal rules governing corporate governance of financial institutions in Korea through an interdisciplinary framework. It provides important insight into policy issues for Korea and to serve primarily as a qualitative tool to analyze and understand policy implementation.

Download or read book Mafioso Big Business and the Financial Crisis written by Ingyu Oh and published by Routledge. This book was released on 2018-12-21 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1999, this book explores the question of is the business organisation a result of efficiency or is it a result of a state-business organisation a result of a state-business interaction? This question being in the context of the Korean chaebol system and the Japanese Keiretsu system; this book explores the political and economic growth and then the following down fall of these systems occurred without rupturing either country’s state policy regarding the chaebol or the keiretsu.

Download or read book Current Corporate Governance Structure in Korea written by 양동석 and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Crisis and Transformation of Korean Business Groups written by Sea-Jin Chang and published by Cambridge University Press. This book was released on 2003-04-28 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sea-Jin Chang argues that the Korean financial crisis of 1997 was due to the inertia of both the business groups known as chaebols and the Korean government which prevented adaptation to changing external environments. Once the Korean government stopped central economic planning and pursued economic liberalization in the 1980s, the transition created a void under which neither the government nor markets could monitor chaebols' investment activities. The intricate web of cross-shareholding, debt guarantees, and vertical integration resulted in extensive cross-subsidization and kept chaebols from shedding unprofitable businesses. The government's continued interventions in banks' lending practices created 'moral hazards' for both chaebols and banks. This treatment demonstrates how the structure of chaebols later inhibited other adaptations and for all practical purposes became nearly dysfunctional. The book argues that restructuring of chaebols should focus on improving corporate governance systems. After such restructuring, the author predicts, chaebols will re-emerge as stronger, more focused global players.

Download or read book Corporate Governance in Asia A Comparative Perspective written by OECD and published by OECD Publishing. This book was released on 2001-08-01 with total page 447 pages. Available in PDF, EPUB and Kindle. Book excerpt: Poor corporate governance was identified as one of the root causes of the recent Asian financial crisis. The absence of effective disciplines on corporate managers, coupled with complicated and opaque relationships between corporations, their owners ...

Download or read book Corporate Governance Matters written by David Larcker and published by FT Press. This book was released on 2020-10-07 with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Definitive Guide to High-Performance Corporate Governance Fully updated for the latest research, trends, and regulations, Corporate Governance Matters, Third Edition, offers comprehensive and objective information for everyone seeking to improve corporate governance—from directors to institutional investors to policymakers and researchers. To help you design highly effective governance, David Larcker and Brian Tayan thoroughly examine current options, reviewing what is and isn't known about their impact on organizational performance. Throughout, they take a strictly empirical and non-ideological approach that reflects rigorous statistical and research analysis and real-life examples. They address issues ranging from board structure, processes, operations, and functional responsibilities to institutional investors, outside stakeholders, and alternative forms of governance. New discussions of: Environmental, Social, and Governance (ESG) activity and ratings Stakeholder interests CEO activism CEO misbehavior Cybersecurity risks Extensively revised coverage of: Executive compensation Leadership and succession planning Director recruitment, evaluation, turnover, and more The authors' balanced approach provides useful tools for making better, more informed decisions on governance.