The will to fail: South Korea versus its chaebol
Article Abstract:
South Korea's insistence on political control of its major companies is creating an increasingly awkward and untenable situation for a nation with global aspirations. Pres Kim Young Sam must find a way to let businesses compete openly rather than through political connections. Further regulation is no solution. In the early 1990s the receipts of the top 10 chaebol made up 77% of the gross national product. Their unhealthy dominance, which bureaucrats decry, is of bureaucratic making.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Inflation-fighter ousted
Article Abstract:
South Korean cantral bank governor Cho Soon was ousted from office due to his refusal to lower government-regulated interest rates specially when Kim Young Sam was running for president. This raised the ire of the cabinet members and the rest of Kim'sadministration. Along with economic adviser Park Jae Yun, most of them believe that economic revival is foremost to fighting inflation.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Time to roll out a new model. Avoiding bust: the economy. One country, two elections: Czechoslovakia
- Abstracts: On the trail of the mutant inflation monster. Invisible bank accounts
- Abstracts: South Africa's bottom line. South Africa's ray of light
- Abstracts: General Park, Citizen Kim. Fighting South Korean corruption. Aged aspirant