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Author:Ford, M.
Title:The death of Korea Inc
Journal:Euromoney
1997 : MAY, 5, p. 56-60
Index terms:MONEY
FINANCE
KOREA
Language:eng
Abstract:Revolutionary changes are afoot in South Korea. Spurred on by recent scandals, it is poised to scrap state control of the economy and introduce a true free market. But foreigners still find it tough. Imagine the embarrassment. Just weeks after Korea had been accepted into the rich man's club of OECD nations it suffered the collapse of two large corporations with debts of more than $6 billion, a banking crisis, an outbreak of labour unrest which brought the country to a standstill and a corruption scandal which spread across the political spectrum from the president's family down.
SCIMA record nr: 165206
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