Financial Crisis and Transformation of Korean Business Groups

Financial Crisis and Transformation of Korean Business Groups

Author: Sea-Jin Chang

Publisher: Cambridge University Press

Published: 2003-04-28

Total Pages: 380

ISBN-13: 1139440071

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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.


Asia's Next Giant

Asia's Next Giant

Author: Alice Hoffenberg Amsden

Publisher: Oxford University Press, USA

Published: 1989

Total Pages: 400

ISBN-13: 9780195076035

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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.


A New History of Korea

A New History of Korea

Author: Ki-baek Yi

Publisher: Harvard University Press

Published: 1984

Total Pages: 520

ISBN-13: 9780674615762

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One of the first, most widely-read and respected histories of Korea, Ki-baik Lee's Han'guksa Sillon has been translated into English by Edward W. Wagner. A New History of Korea offers Western readers a distillation of the best scholarship on Korean history and culture from the earliest times to the student revolution of 1960.


The Evolution of the South Korea–US Alliance

The Evolution of the South Korea–US Alliance

Author: Uk Heo

Publisher: Cambridge University Press

Published: 2018-09-27

Total Pages: 293

ISBN-13: 110710467X

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A comprehensive look at the role of history, economics, security, threat perception, and domestic politics in the South Korea-United States alliance.


The Evolution of Tiger Management

The Evolution of Tiger Management

Author: Martin Hemmert

Publisher: Routledge

Published: 2017-10-19

Total Pages: 249

ISBN-13: 1351708449

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Throughout the last several decades, Korean companies have become strong global competitors in a wide range of manufacturing industries. How did they achieve this exceptional performance? The Evolution of Tiger Management uncovers the secret of their success through a comprehensive analysis of Korean-style management. It explains how it has developed, why it works so well, what non-Koreans can learn from it, and what Korean companies need to do to stay competitive in the future. This book is an extended and significantly updated new edition of Tiger Management: Korean companies on world markets (Routledge, 2012). It tells the remarkable stories of how Korean firms, seemingly coming from nowhere, have successfully challenged their Western and Japanese competitors globally. A new chapter highlights the rise of Korean venture firms and start-ups. Next, the essence of Tiger Management is analyzed by showing that it consists of an effective combination of business strategy, leadership, and human resource management practices. Finally, the evolution and future of Tiger Management is discussed by showing how Korean companies have adapted to changes at home and abroad, and how non-Korean companies can adopt Tiger Management. A new final chapter discusses the way forward for Korean companies.


The New Koreans

The New Koreans

Author: Michael Breen

Publisher: Thomas Dunne Books

Published: 2017-04-04

Total Pages: 481

ISBN-13: 1250065054

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"Just a few decades ago, the Koreans were an impoverished, agricultural people. In one generation they moved from the fields to Silicon Valley. The nature and values of the Korean people provide the background for a more detailed examination of the complex history of the country, in particular its division and its emergence as an economic superpower. Who are these people? And where does their future lie?"--


The Bank of Korea: A Sixty-Year History

The Bank of Korea: A Sixty-Year History

Author: The Bank of Korea (Central Bank of South Korea)

Publisher: 길잡이미디어

Published: 2010-11-24

Total Pages: 304

ISBN-13: 899285837X

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Preface Chapter 1 Foundation of the Bank of Korea Chapter 2 The Bank of Korea Act Chapter 3 Organization and Functions of the Bank of Korea Chapter 4 Economic Development and the Bank of Korea Chapter 5 The Future Trajectory and Challenges of the Bank of Korea


OECD Economic Surveys: Korea 2018

OECD Economic Surveys: Korea 2018

Author: OECD

Publisher: OECD Publishing

Published: 2018-06-20

Total Pages: 160

ISBN-13: 9264300821

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Economic growth picked up in 2017, but reforms are needed to sustain Korea's convergence toward the income levels in the most advanced countries. Its labour productivity is 46% below the top half of OECD countries, reflecting problems in the service sector. In addition, productivity in small ...


The Encyclopedia of the Industrial Revolution in World History

The Encyclopedia of the Industrial Revolution in World History

Author: Kenneth E. Hendrickson

Publisher: Rowman & Littlefield

Published: 2014-11-25

Total Pages: 1145

ISBN-13: 0810888882

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As editor Kenneth E. Hendrickson, III, notes in his introduction: “Since the end of the nineteenth-century, industrialization has become a global phenomenon. After the relative completion of the advanced industrial economies of the West after 1945, patterns of rapid economic change invaded societies beyond western Europe, North America, the Commonwealth, and Japan.” In The Encyclopedia of the Industrial Revolution in World History contributors survey the Industrial Revolution as a world historical phenomenon rather than through the traditional lens of a development largely restricted to Western society. The Encyclopedia of the Industrial Revolution in World History is a three-volume work of over 1,000 entries on the rise and spread of the Industrial Revolution across the world. Entries comprise accessible but scholarly explorations of topics from the “aerospace industry” to “zaibatsu.” Contributor articles not only address topics of technology and technical innovation but emphasize the individual human and social experience of industrialization. Entries include generous selections of biographical figures and human communities, with articles on entrepreneurs, working men and women, families, and organizations. They also cover legal developments, disasters, and the environmental impact of the Industrial Revolution. Each entry also includes cross-references and a brief list of suggested readings to alert readers to more detailed information. The Encyclopedia of the Industrial Revolution in World History includes over 300 illustrations, as well as artfully selected, extended quotations from key primary sources, from Thomas Malthus’ “Essay on the Principal of Population” to Arthur Young’s look at Birmingham, England in 1791. This work is the perfect reference work for anyone conducting research in the areas of technology, business, economics, and history on a world historical scale.