TITLE

THE TIGERS BEHIND KOREA'S PROWESS

AUTHOR(S)
Kraar, Louis
PUB. DATE
November 1989
SOURCE
Fortune;Fall1989 Asia in the 1990's, Vol. 120 Issue 13, p36
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article focuses on the challenges for South Korea's growth-obsessed conglomerates. The key to South Korea's astounding economic success is a group of unique conglomerates called "chaebol." Initially backed by huge injections of government credit, these small family companies have become awesome exporters. They have formed joint ventures with a host of American companies. International investors hope to buy into the chaebol when Korea's stock market pens to foreigners in a few years. These conglomerates have enabled Korea to invade the U.S. auto market, capture 10% of the world memory chip business, and launch nearly as many ships as Japan.
ACCESSION #
18022275

 

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