Crisis and Restructuring in East Asia

The Case of the Korean Chaebol and the Automotive Industry

  • Authors
  • Seung-Il Jeong

Table of contents

  1. Front Matter
    Pages i-xv
  2. Seung-Il Jeong
    Pages 1-24
  3. Seung-Il Jeong
    Pages 25-42
  4. Seung-Il Jeong
    Pages 109-133
  5. Seung-Il Jeong
    Pages 134-169
  6. Back Matter
    Pages 225-293

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.


Automotive Industry East Asia Global Management management

Bibliographic information

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Finance, Business & Banking