Corporate Korea in perspective

Article Abstract:

The economic crisis in Asia has prompted extensive criticism of the way in which South Korean companies operate. It has been claimed that large South Korean conglomerates are excessively indebted and too diversified and that South Korean companies have too high a debt-equity ratio. In fact, it cannot reasonably be argued that the diversified structure of large South Korean companies places them at a disadvantage. Furthermore, South Korean companies have not placed too much emphasis on growth at the expense of profitability. However, there are certainly areas where corporate South Korea needs to improve.

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South Korea

Article Abstract:

South Korea plans a privatization program involving stakes in 35 enterprises to be sold in 1995, but this may be affected by a slump in the stock market. A 14% stake in Korea Telecom was to be sold in 4th qtr 1995, and shares in Namhae Chemical are to be offered in July 1995. The government's schedule is being revised due to stock market conditions. The plans have been drawn up by the Ministry of Finance and Economy and included the sale of stakes in 15 enterprises in 1st half 1995.

Economic policy, Privatization, Privatization (Business)

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