TY  - BOOK
AU  - Agarwal Ekta; Dutta Sanjib 
TI  - The Chaebols Of South Korea
U1  - 330 
PY  - 2004///
CY  - Hyderabad
PB  - ICMR
KW  - Chaebols; South Korea; Hyundai Motors; Samsung; LG; International Monetary Fund; Restructuring; Keiretsus; World War II; Daewoo; Ssangyong; Kim Dae Jung; Foreign Exchange Currency Reserve; Business environment and Economic reforms.
N1  - Economics
N2  - Chaebols were large South Korean private business groups that consisted of several smaller members or units; they maintained close connections with the government. They were generally under the control of a single powerful family and most of the management of the Chaebols rested with different members of the family. The Chaebols were involved in a variety of commercial activities ranging from farming to ship building. Chaebols formed the core of South Korean economy and the success of the economy was largely dependent on the stability and the success of Chaebols. The Chaebols continued to grow and gain considerable power until the mid 1990s; when the Asian financial crisis struck. The crisis exposed the weaknesses in South Korea's economy and the mismanagement within the Chaebols. When South Korea found that it had insufficient foreign exchange; it approached the IMF in 1998 for a relief package. The IMF offered to bail out South Korea's economy with a package worth
ER  -