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Crisis and Restructuring in East Asia

The Case of the Korean Chaebol and the Automotive Industry

  • Book
  • © 2004

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Authors:
  1. Seung-Il Jeong
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Table of contents (10 chapters)

  1. Front Matter

    Pages i-xv
    Download chapter PDF

  2. Introduction

    • Seung-Il Jeong
    Pages 1-24

  3. The Asian Crisis in 1997 and its Causes

    • Seung-Il Jeong
    Pages 25-42

  4. Korea’s Economic Institutions and the Crisis

    • Seung-Il Jeong
    Pages 43-73

  5. The Chaebol’s Corporate Governance and the Crisis

    • Seung-Il Jeong
    Pages 74-91

  6. Korea’s Automotive Industry: The 1960s–90s

    • Seung-Il Jeong
    Pages 92-108

  7. Hyundai Motor Company

    • Seung-Il Jeong
    Pages 109-133

  8. Daewoo’s Global Management

    • Seung-Il Jeong
    Pages 134-169

  9. Comparison of Hyundai and Daewoo in Research and Development

    • Seung-Il Jeong
    Pages 170-197

  10. The Chaebol’s Diversification: Ssangyong and Samsung

    • Seung-Il Jeong
    Pages 198-214

  11. Conclusion: Crisis, Restructuring, and the Future of Korea

    • Seung-Il Jeong
    Pages 215-224

  12. Back Matter

    Pages 225-293
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Keywords

About this book

This book criticizes the widespread view that the 1997 Asian crisis was due to 'crony capitalism' and puts the blame instead on misguided liberalization. It analyzes the case of Korea's business conglomerates, the chaebol, with particular attention to the car industry, to show how liberalization contributed to the crisis even at the level of the firm. It shows how those firms that had developed innovative capabilities survived the crisis much better than those that had merely expanded into markets opened up by liberalization.

About the author

SEUNG-IL JEONG is a writer and researcher with strong interest in international comparisons of corporate governance, the financial system, industrial innovation, management organizations, and labour relationships. He also teaches political economy at Kuk-Min University of Seoul, Korea, and contributes columns and articles for newspapers and magazines. He has a master's degree in social science from Humboldt University of Berlin and a Ph.D. in political economy from the Free University Berlin, Germany.

Bibliographic Information

  • Book Title: Crisis and Restructuring in East Asia

  • Book Subtitle: The Case of the Korean Chaebol and the Automotive Industry

  • Authors: Seung-Il Jeong

  • DOI: https://doi.org/10.1057/9780230510982

  • Publisher: Palgrave Macmillan London

  • eBook Packages: Palgrave Business & Management Collection, Business and Management (R0)

  • Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 2004

  • Hardcover ISBN: 978-1-4039-3814-5Published: 20 July 2004

  • Softcover ISBN: 978-1-349-51917-0Published: 01 January 2004

  • eBook ISBN: 978-0-230-51098-2Published: 20 July 2004

  • Edition Number: 1

  • Number of Pages: XVI, 293

  • Topics: International Business, International Economics, Automotive Industry

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