They expanded in sectors where they have core competence, like semiconductors and automobiles. The acquisitions resulted in increased debts, but they managed to raise new equity and thus reduce their debt ratio. What is important for me is that they make money even after paying interest to creditors. Unlike Daewoo, I have Hyundai stocks in my portfolio. If politics and other reasons make us stop restructuring, we would have a half-cooked meal.
Nobody wants that.
I would like to see Korean companies pursue core competencies and global standards in management. All Rights Reserved. Terms under which this service is provided to you. Read our privacy guidelines .