Understanding Korean capitalism Chaebols and their corporate governance
Understanding Korean capitalism Chaebols and their corporate governance
复制标题
了解韩国资本主义财阀及其公司治理
DOI:
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发表时间:
2013
期刊:
影响因子:
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通讯作者:
Yun
中科院分区:
文献类型:
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作者:
David Murillo;Yun
Chaebols, Korean big business conglomerates, have had a huge influence in the global economy and in Korean society and politics. Some stress the significant contribution chaebols have made to the unprecedented rapid development of the Korean economy, while others highlight their concomitant problems such as cronyism, corrupt relations with government, and economic concentration. Although such problems seem to have been reduced in recent years thanks to institutional pressures enacted by the Korean government after the financial crisis of 1997, the pending reforms of the chaebol system are still important issues that permeate political and economic debate in Korea. In what follows, we will explore the unique characteristics of the chaebosl, their relations with government, and the virtues and vices of this Korean capitalist model that does not operate along the lines of its European and Anglo-American counterparts. 1 Acknowledgement: This paper has benefited from the invaluable assistance of Jonathan D.Chu, MSc candidate at ESADE BS and Marie Vandendriessche, research assistant at ESADEgeo. 2 The Republic of Korea will henceforth be referred to as Korea.