But Kim Woo Choong, a relatively young 59, has quit all executive posts and is abroad eight months of the year. If Daewoo has a globe-trotting chairman, Ssangyong has a maverick financial whiz. Milton Kim, who had worked with Citibank in Korea and U.S. brokerages, has shaken up the group by giving promotions and raises based on performance, not seniority. Nor is Kim averse to letting someone outside the family run Ssangyong. Clearly, in today's tougher environment, Korea's new bosses are playing rougher.
Competition is good for consumers - and companies too.
Without it, we become fat and lazy. That, plainly, is not what the new Korea Inc. wants to be. All Rights Reserved. Terms under which this service is provided to you. Read our privacy guidelines .