Download or read book Korean Chaebol in Transition written by In Kwon Lee and published by . This book was released on 2000 with total page 451 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 The Institutional Rise of the Chaebols Throughout South Korea s Transitional Vulnerabilities written by Naval Postgraduate Naval Postgraduate School and published by CreateSpace. This book was released on 2014-12-02 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a case study of South Korea's contemporary political economic history through the lens of the balance between the state and big business. It examines the evolving relationship between the state and the chaebols, or domestic conglomerates, which is at the heart of the Korean trajectory of postwar industrialization and growth. The book proposes that the political transitions over the past 50 years, both authoritarian and democratic, were central markers for the shifting balance between the state and the chaebols. The 3rd and 4th Republics under Park Chung-hee marked the initiation of the state-chaebol partnership: monopolization of the market began during Chun Doo-hwan's authoritarian transition; and the inauguration of South Korea's liberal democracy allowed the chaebols to establish themselves as a durable national institution both prior to and after the 1997 IMF crisis. Thus, over time, the state-business balance tilted in favor of the chaebols and the formation of this business oligarchy created detrimental market conditions that corroded political, economic, and social institutions. The conclusion provides a summary of South Korea's unique market institutional impacts and the lessons learned from the research.
Download or read book The Korean Peninsula in Transition written by Dae Hwan Kim and published by Springer. This book was released on 2016-07-27 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1980s the Korean peninsula has been in a state of transition. Forged by the Cold War, the politico-economic systems of North and South Korea as well as the international system of Northeast Asia are in a state of flux. Apart from identifying the main aspects of the transition taking place, this volume explains the sources of change and continuity, and relates the empirical trends from Korea to the contemporary debates in the social sciences.
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 South Korea under Compressed Modernity written by Kyung-Sup Chang and published by Routledge. This book was released on 2010-04-12 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: The condensed social change and complex social order governing South Koreans’ life cannot be satisfactorily delineated by relying on West-derived social theories or culturalist arguments. Nor can various globally eye-catching traits of this society in industrial work, education, popular culture, and a host of other areas be analyzed without developing innovative conceptual tools and theoretical frameworks designed to tackle the South Korean uniqueness directly. This book provides a fascinating account of South Korean society and its contemporary transformation. Focusing on the family as the most crucial micro foundation of South Korea’s economic, social, and political life, Chang demonstrates a shrewd insight into the ways in which family relations and family based interests shape the structural and institutional changes ongoing in South Korea today. While the excessive educational pursuit, family-exploitative welfare, gender-biased industrialization, virtual demise of peasantry, and familial industrial governance in this society have been frequently discussed by local and international scholarship, the author innovatively explicates these remarkable trends from an integrative theoretical perspective of compressed modernity. The family-centered social order and everyday life in South Korea are analyzed as components and consequences of compressed modernity. South Korea under Compressed Modernity is an essential read for anyone studying Contemporary Korea or the development of East Asian societies more generally.
Download or read book Korea and the Knowledge based Economy written by Carl J. Dahlman and published by World Bank Publications. This book was released on 2000 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Korea is a country with limited natural resources, which has developed through a strategy of industrialisation and the economies of scale. However this is being challenged by the rise of knowledge as a principal driver of competitiveness. This book is the result of a joint study by the OECD and the World Bank to develop a comprehensive set of national policy responses to the knowledge revolution. It concentrates on four areas: 1) an institutional and economic regime that provides incentives for the creation of new knowledge and its efficient use; 2) an educated and entrepreneurial population; 3) a dynamic information infrastructure; 4) an efficient system of innovation.
Download or read book South Korea in Transition written by Kyung-Sup Chang and published by Routledge. This book was released on 2017-07-05 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Korea has continued to impress the world in the way it has harnessed social modernization, economic development, political democratization and, most recently, multi-faceted globalization. Relying on both established and inventive citizenship perspectives, the authors in this volume collectively show that all these diverse societal transformations and achievements can be concretely and systematically comprehended in conjunction with citizens? reshaping identities, rights, and duties in civil society and national polity. South Koreans? eye-catching traits and trends of educational zeal, economic development, civil activism, nationalism, and neoliberal globalization are analyzed here as diverse yet often interconnected manifestations of citizenship politics. As shown comprehensively in this volume, the necessity of such citizenship-focused analyses is particularly evident in recent years as South Korea has been undergoing a condensed transition from class politics to citizenship politics.This book is a highly inclusive yet incisive account of modern and late modern Korea, utilizing citizenship as a powerful theoretical and analytical tool. Such judicious theoretical and analytical use of citizenship in respect to modern Korean history and society will in turn enable a meaningful expansion of theoretical and methodological utility of citizenship in contemporary global social sciences.This book was based on a special issue of Citizenship Studies.
Download or read book Two Koreas in Transition written by Ilpyong J. Kim and published by Paragon House Publishers. This book was released on 1998-11 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the dawn of the twenty-first century, both North and South Korea find their politics, economies, and societies in transition. The Democratic People's Republic of Korea in the north and the Republic of Korea in the south have coexisted for the past fifty years, since the founding of their republics in 1948, though conflicts between the two systems have persisted. Whether the newly appointed leader of North Korea and the newly elected president of South Korea can maintain stability and peace on the Korean peninsula is uncertain. In this volume, thirteen experts examine the historical, cultural, social, and political aspects of the Koreas in transition and their implications for U.S. policy.
Download or read book Managing Korean Business written by Johngseok Bae and published by Routledge. This book was released on 2012-12-06 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 1990s the Korean economy was regarded as a possible "role model" to be followed by other newly industrializing economies, but the "Asian Crisis" of 1997 destroyed this image. Past practices, challenges and responses are explored in this collection by an international group of authors.
Download or read book The Tortuous Path of South Korean Economic Development written by Jaymin Lee and published by Cambridge University Press. This book was released on 2023-12-31 with total page 493 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains that South Korea has transformed itself from a developing to a developed country through a tortuous path.
Download or read book Korean Political and Economic Development written by Jongryn Mo and published by Harvard University Press. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Mo and Weingast study three critical turning points in South Korea's remarkable transformation and offer a new view of how Korea was able to maintain pro-development policies with sustained growth by resolving repeated crises in favor of rebalancing and greater political and economic openness"--Provided by publisher.
Download or read book Tiger Management written by Martin Hemmert and published by Routledge. This book was released on 2012 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Throughout the last several decades, Korean companies have entered the world markets in a wide range of manufacturing industries with great success. How did they achieve this exceptional performance? This book uncovers the secret of their performance through a comprehensive analysis of the Korean management system. It explains to an international audience how it has developed, why it works so well, and what non-Koreans can learn from it. The book analyzes the management of Korean firms from three different perspectives. First, a historical perspective is applied by showing how Tiger Management has emerged and how it has been continuously advanced over the last 50 years. The breathtaking stories of how Korean companies, seemingly coming from nowhere, have challenged their Western and Japanese competitors on the world markets are told. Second, the cornerstones of Tiger Management are analyzed from a functional viewpoint, showing that the success of Korean companies rests on a smart combination of business strategy, leadership, and human resource management practices. Finally, the present and future of Tiger Management is discussed by showing how Korean companies have adapted to changes in their business environment at home and abroad, and what non-Korean companies can learn from their Korean rivals. The book gives an up-to-date analysis of Korean management practices from a global perspective. It identifies the success factors of Korean companies: long term, aggressive and persisting business planning, speed, flexibility, strong leadership, strong teamwork, and high investment into human skills and capabilities. It illustrates how these management practices complement each other and provides non-Korean companies with signposts how they can adopt them.
Download or read book The Korean Economy Beyond the Crisis written by Duck-Koo Chung and published by Edward Elgar Publishing. This book was released on 2004 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than five years have passed since South Korea fell prey to the Asian financial crisis. Bringing together experts from Korea and a variety of other countries, this book aims to better understand the three stages of the Korean crisis: the onset, the policy reaction, and the economic response. Providing an integrated analysis of the event and its consequences, the chapters in the book consider the causes of the crisis, the response of the US government and International Monetary Fund, adjustments in the Korean monetary and fiscal policies, and the success of financial and corporate restructuring. The concluding chapters bring the story up-to-date, describing the aftermath of the crisis and assessing whether there has been sufficient reform to facilitate the country s recovery and growth. International and also Asian economists will find this a thoroughly accessible and illuminating book, as will specialists on Korea, political scientists and political economists.
Download or read book The Korean Economy written by Barry Eichengreen and published by BRILL. This book was released on 2020-05-11 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: "South Korea has been held out as an economic miracle—as a country that successfully completed the transition from underdeveloped to developed country status—and as an example of how a middle-income country can continue to move up the technology ladder into the production and export of more sophisticated goods and services. But with these successes have come challenges, among them poverty, inequality, long work hours, financial instability, and complaints about the economic and political power of the country’s large corporate conglomerates, or chaebol.The Korean Economy provides an overview of Korean economic experience since the 1950s, with a focus on the period since democratization in 1987. Successive chapters analyze the Korean experience from the perspectives of political economy, the growth record, industrial organization and corporate governance, financial development and instability, labor and employment, inequality and social policy, and Korea’s place in the world economy. A concluding chapter describes the country’s economic challenges going forward and how they can best be met.The volume also serves to summarize the findings of companion volumes in the Harvard–Korean Development Institute series on the Korean economy, also published by the Harvard University Asia Center."
Download or read book Korean Political and Economic Development written by Jongryn Mo and published by BRILL. This book was released on 2020-10-26 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: "How do poor nations become rich, industrialized, and democratic? And what role does democracy play in this transition? To address these questions, Jongryn Mo and Barry R. Weingast study South Korea’s remarkable transformation since 1960. The authors concentrate on three critical turning points: Park Chung Hee’s creation of the development state beginning in the early 1960s, democratization in 1987, and the genesis of and reaction to the 1997 economic crisis. At each turning point, Korea took a significant step toward creating an open access social order.The dynamics of this transition hinge on the inclusion of a wide array of citizens, rather than just a narrow elite, in economic and political activities and organizations. The political economy systems that followed each of the first two turning points lacked balance in the degree of political and economic openness and did not last. The Korean experience, therefore, suggests that a society lacking balance cannot sustain development. Korean Political and Economic Development offers a new view of how Korea was able to maintain a pro-development state with sustained growth by resolving repeated crises in favor of rebalancing and greater political and economic openness."
Download or read book Asia s Next Giant written by Alice Hoffenberg Amsden and published by Oxford University Press, USA. This book was released on 1989 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Korea has been quietly growing into a major economic force, even challenging Japan in some industries. This growth may be seen as an example of "late industrialization" and this book discusses this point.
