Thirst for funds drives change in South Korea
Article Abstract:
While in South Korea, explicitly owned assets can be owned by outside investors, the country is still unable to attract more investment and risk-taking partly because of the autocratic government and a political culture in which economic reforms appear more like personal revenge against the chaebol owners. But necessity may prevail where the government has failed because shareholder activism and not-so-easy credit may require that a new generation of professionals run South Korean companies rather than the family-owners of the chaebols.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Chung Ju Yung: The Last Confucian Autocrat
Article Abstract:
Chung Ju Yung, founder of Hyundai Business Group, died in March. An entreprenuer, Chung was born into poverty in what is now North Korea. He set up a construction company in 1947 for work with the U.S. military during the Korean War. After the war, he began rebuilding Korea's infrastructure. By 1982, he had created a conglomerate, a chaebol. Though chaebols are now derided, they were also the means by which South Korea rose from the ashes.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Orderly succession expected at Tsai Group: billionaire's division of Lin-Yuan companies may prevent family feud
Article Abstract:
Taiwan-based Lin-Yuan Group may likely have a smooth transfer of power after owner Wan-Lin Tsai successfully divided the oversight of his firms plainly among family members. The company stands as the top firm among Taiwan conglomerates at roughly $30 bil. Lin-Yuan Group controls Cathay Life Insurance Co and Cathay Construction Co. Smooth transfers of power are uncommon in Taiwan.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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