The Chaebols of South Korea
This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
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 $58
billion. But it also imposed several conditions.
» The development of Chaebols in South Korea
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
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