Korea's Corporate Restructuring Since the Financial Crisis
Author: Chʻan-hyŏn Son
Publisher: 대외경제정책연구원
Published: 2002
Total Pages: 152
ISBN-13:
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Author: Chʻan-hyŏn Son
Publisher: 대외경제정책연구원
Published: 2002
Total Pages: 152
ISBN-13:
DOWNLOAD EBOOKAuthor: Stephan Haggard
Publisher: Cambridge University Press
Published: 2003-02-26
Total Pages: 374
ISBN-13: 9780521823630
DOWNLOAD EBOOKAsian 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.
Author: Sangho Sohn
Publisher: 한국금융연구원
Published: 2003
Total Pages: 192
ISBN-13:
DOWNLOAD EBOOKAuthor: Jang-Sup Shin
Publisher: Routledge
Published: 2002
Total Pages: 174
ISBN-13: 113446939X
DOWNLOAD EBOOKAuthor: Chan-Hyun Sohn
Publisher:
Published: 2002
Total Pages: 140
ISBN-13: 9788932210889
DOWNLOAD EBOOKAuthor: Jae Chung
Publisher: International Monetary Fund
Published: 2016-10-17
Total Pages: 22
ISBN-13: 1475545509
DOWNLOAD EBOOKThe paper offers a method to quantify benefits and costs of corporate debt restructuring, with an application to Korea. We suggest a “persistent ICR
Author: Ch'ung-yŏng An
Publisher: KIEP
Published: 2003
Total Pages: 68
ISBN-13:
DOWNLOAD EBOOKAuthor: Bonchun Koo
Publisher:
Published: 1998
Total Pages: 66
ISBN-13:
DOWNLOAD EBOOKAuthor: Jang-Sup Shin
Publisher: Routledge
Published: 2003-01-16
Total Pages: 157
ISBN-13: 1134469381
DOWNLOAD EBOOKThe 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.
Author: Mr.Jongsoon Shin
Publisher: International Monetary Fund
Published: 2017-01-27
Total Pages: 26
ISBN-13: 1475572433
DOWNLOAD EBOOKThis paper describes issues in Korea’s corporate sector, the need for restructuring, and the authorities’ initiatives and challenges. It then identifies lessons from other countries’ experience and conducts an econometric analysis based on cross-country aggregate data, compared with previous studies which mostly use firm-level data. This analysis finds that restructuring episodes, while sometimes challenging in the short term, have typically been associated with more rapid economic growth afterward. Corporate restructuring could have a negative effect on the labor and the financial markets in the short term, but is associated with positive growth through increased investment and capital productivity in the medium term, outpacing the negative effects.