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An Alternative Perspective on Government Policy towards the Chaebol in Korea: Industrial Policy, Financial Regulations and Political Democracy

In: Competition and Corporate Governance in Korea

Author

Listed:
  • Ha-Joon Chang
  • Hong-Jae Park

Abstract

Competition and Corporate Governance in Korea critically reviews government policy towards the chaebol and provides a comprehensive investigation of the relationship between corporate governance and economic performance as well as the interaction of economic institutions with the chaebols’ incentive structure and management behaviour. Policy implications based on objective and rigorous empirical analyses of data on the chaebol are also discussed. Notwithstanding the fact that the chaebol have already undergone considerable governance, capital, and business portfolio restructuring, this volume suggests a road map for further restructuring, and the creation of a new incentive structure to help strengthen chaebol competitiveness.

Suggested Citation

  • Ha-Joon Chang & Hong-Jae Park, 2004. "An Alternative Perspective on Government Policy towards the Chaebol in Korea: Industrial Policy, Financial Regulations and Political Democracy," Chapters, in: Sung-Hee Jwa & In K. Lee (ed.), Competition and Corporate Governance in Korea, chapter 2, pages 24-62, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3507_2
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