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 Restructuring and Financial Reform in Korea written by Bonchun Koo and published by . This book was released on 1998 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Korea s Corporate Restructuring Since the Financial Crisis written by Chʻan-hyŏn Son and published by 대외경제정책연구원. This book was released on 2002 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Restructuring Korea Inc written by Jang-Sup Shin and published by Routledge. This book was released on 2003-01-16 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1997 South Korean financial crisis not only shook the country itself but also sent shock waves through the financial world at large. This impressive book critically assesses the conventional wisdom surrounding the Korean crisis and the performance of the IMF-sponsored reform programme.Looking first at the strengths and weaknesses of 'Korea Inc.
Download or read book Korean Economic Reform written by Robert F. Emery and published by Routledge. This book was released on 2017-07-12 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2001. In 1997 the author was told, by an official at the Korean embassy in Washington DC, that the most serious economic problem facing Korea was the need for reform of the financial sector. This proved to be true, as a financial crisis hit Korea in November 1997. Though problems arising before November 1997 indicate that Korea's economic problems were not solely financial. This study covers earlier reform efforts, the 1997 crisis and the measures taken by Korea since then to deal with the country's economic problems. It attempts to analyze the problems and offer suggestions as to how problems might corrected or resolved.
Download or read book Republic of Korea written by International Monetary Fund and published by International Monetary Fund. This book was released on 2000-01-01 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: The primary focus of this paper is on economic developments and policies in the period since the outbreak of the financial crisis. Policies adopted under the program successfully restored external stability, rebuilt reserves, and initiated reform of the financial and corporate sectors. Key indicators point to continued economic expansion. Several measures have been implemented to ease the foreign exchange and domestic liquidity constraints putting in place a working social safety net. The paper also discusses financial sector restructuring and corporate sector reforms under way in Korea.
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 Korea s Financial and Corporate Restructuring written by Sangho Sohn and published by 한국금융연구원. This book was released on 2003 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Korea s Corporate Restructuring Since the Financial Crisis written by Chan-Hyun Sohn and published by . This book was released on 2002 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Adapt Fragment Transform written by Pyŏng-guk Kim and published by Shorenstein Asia-Pacific Research Center. This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Byung-Kook Kim is chancellor of the Korea National Diplomatic Academy. He has taught at the Department of Political Science and International Relations, Korea University, and was also the founding director of the East Asia Institute. --
Download or read book Corporate Restructuring in Korea written by Ch'ung-yŏng An and published by KIEP. This book was released on 2003 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Crisis and Financial Reform in Japan and Korea written by Wangsik Kim and published by . This book was released on 2003 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Japan and Korea's economic crises after two decades of unprecedented success and subsequent differences in their reform paths have drawn a great deal of scholarly attention. Nonetheless, these studies are devoted to the descriptions of the current problems in Japan and Korea and prescriptions for them, or lean heavily toward economic explanations with politics playing an auxiliary role. Departing from these points of view, this dissertation tried to examine why two countries with similar developmental pattern have taken different paths with the wave of globalization and ensuing economic crises. Based on historical institutionalism and the model of altered states, the study argues that institutional ties among the executives, bureaucracy and business became formidable constraints and political challenges for the political executives in Japan and Korea to reform their problem-ridden economies. In order to effectively implement the study, this dissertation identifies three crucial factors: first, international or domestic events that provide political executives with opportunities for potential transformation; second, political executives that utilize these opportunities for transformation; third, institutional context that allows or limits them to initiate and implement structural reforms. Building on this framework, I argue that the degree of structural reform in a country depends on the political executive's position in their institutional context, which shapes their preferences and goals of the political executives in the decision-making process and constrains their capacity for specific policy outputs. Korean President's position within his structural context strengthened his capacity to act on his preferences. The less-constrained power of the executive in Korea could direct or encourage the bureaucracy to take much bolder steps toward economic reform than in Japan. In the case of Japan, institutional changes prove to be more difficult and tedious than in Korea. The Japanese prime minister became even more constrained to execute financial reform and provide economic transparency following the split of ruling Liberal Democratic Party (LDP) in 1993.
Download or read book Restructuring and the Role of International Financial Institutions written by Yun-jong Wang and published by 대외경제정책연구원. This book was released on 1999 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Korea written by International Monetary Fund and published by International Monetary Fund. This book was released on 2000-02-15 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: Korea's impressive macroeconomic performance up to 1997 served to mask fundamental structural problems. Structural reform efforts have been focused on financial sector and corporate sector reforms and liberalizing trade and capital account transactions. The labor market situation has improved, and the unemployment rate has declined. A remarkable feature of Korea's economic performance following the crisis has been the large turnaround in the current account balance. Monetary policy has been focused on stimulating and supporting economic recovery. Reforming corporate governance is one of the government's top priorities.
Download or read book Korean Economic Restructuring written by and published by . This book was released on 1998 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Korean Economy written by Charles Harvie and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Korea has played, and will increasingly play, an important role in the future development of the South East Asian region, including the expansion of regional economic cooperation and interregional trade. Indeed Korea has been a leading proponent of the idea of ASEAN+3. Clearer understanding of this economy, its major contemporary policy and reform issues and its future, are of particular interest from both regional and global perspectives.
Download or read book The Korean Financial Crisis of 1997 A Strategy of Financial Sector Reform written by Mr.Angel J. Ubide and published by International Monetary Fund. This book was released on 1999-03-01 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: After years of strong performance, Korea’s economy entered a crisis in 1997, owing largely to structural problems in its financial and corporate sectors. These problems emerged in the second half of that year, when the capital inflows that had helped finance Korea’s growth were reversed, as foreign investors—reeling from losses in other Southeast Asian economies—decided to reduce their exposure to Korea. This paper focuses on the sources of the crisis that originated in the financial sector, the measures taken to deal with it, and the evolution of key banking and financial variables in its aftermath.
