Restructuring 'Korea Inc.': Financial Crisis, Corporate Reform, and Institutional Transition, 1st Edition (Hardback) book cover

Restructuring 'Korea Inc.'

Financial Crisis, Corporate Reform, and Institutional Transition, 1st Edition

By Jang-Sup Shin, Ha-Joon Chang


176 pages

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Hardback: 9780415278652
pub: 2003-01-16
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pub: 2003-01-16
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The 1997 South Korean financial crisis not only shook the country itself but also sent shock waves through the financial world at large. This impressive book critically assesses the conventional wisdom surrounding the Korean crisis and the performance of the IMF-sponsored reform programme.

Looking first at the strengths and weaknesses of 'Korea Inc.' in comparison with other East Asian countries, the authors describe the challenges faced by Korea in the 1990s due to the acceleration of globalization. By arguing that the transition attempted by Korea was badly conceived and ill designed, Restructuring 'Korea Inc.' focuses on corporate reform after the crisis that has led to the running up of huge 'transition costs'.

This snappy, informative and readable book has a broad historical overview and with its suggestions for structural change for Korea. This book is an important contribution not only to Asian studies, but also to the study of financial crises and the political economy of economic reform.

Table of Contents

1. Restructuring 'Korea Inc.' - The 1997 Financial Crisis and Structural Reform

2. The Korean Model in Historical Perspective

3. The Korean Crisis and Its Aftermath

4. Assessing the Post-1997 Corporate Reform

5. Conclusion - What Future for Korea?

About the Authors

Jang-Sup Shin is Assistant Professor at the National University of Singapore and Ha-Joon Chang is Assistant Director of Development Studies at the University of Cambridge.

About the Series

Routledge Studies in the Growth Economies of Asia

The aim of this series is to publish original, high-quality work by both new and established scholars on all aspects of the growth economies of Asia.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / International / Economics
POLITICAL SCIENCE / International Relations / General