Reforming Korea's industrial conglomerates
By: Edward M. Graham
Publisher: Institute for International Economics; Peterson Institute for International Economics
Published: 2003
Place of publication: Washington, DC
Language: eng
Number of pages: 198
Subjects: Industrial organization -- Korea (South); Industrial concentration -- Korea (South); Industrial policy -- Korea (South)
Description: In 1998, the Korean economy experienced the deepest recession since the Korean War. Within a year a number of smaller industrial conglomerates had failed. In this study, Graham examines the causes of this situation, tracing them back to the aggressive industrial policy begun by president Park Chung-hee during the late 1960s. He also analyzes reforms undertaken since 1997, concluding that they have not been entirely successful.
Notes: Includes bibliographical references (p. 175-181) and index
Table of contents: title: Introduction; title: The miracle with a dark side : Korean economic development under Park Chung-hee; title: The miracle with a dark side : the Chun and Roh years, 1980-92; title: From full-blown democracy to disaster : the Kim Young-sam years, 1993-97; title: The 1997-98 crisis and its aftermath; title: Conclusions