Nation-builders

Article Abstract:

South Korea's conglomerate corporations helped to trigger an economic crisis and diversified with a lack of business logic. They borrowed large sums in order to expand and benefited in some areas where a large market share was advantageous. Wage bills grew and workers had job security and little notion of links between productivity and wage rises. The government has sought to restructure the conglomerates following the crisis, and has brought in stricter accounting standards and other methods to preent a repetition of the crisis.

Economic policy

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The last campaign of a chaebol warrior

Article Abstract:

Kim Woo Choong is still managing Daewoo with an aggressiveness that made it one of the top four conglomerates South Korea, but a recent bribery conviction has hampered company effectiveness. Daewoo is investing heavily in the auto industry but some wonder if it may be overextended.

Management, Officials and employees, Daewoo Corp., Kim Woo-Choong

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The open society

Article Abstract:

Accounting practices of conglomerates in South Korea have become more open as a result of the 1997-1998 financial crisis.

Accounting Methods, Standards, Accounting

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