표제어Corporate Restructuring and Financial Reform in Korea

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사전유형소장기록

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설명Korean chaebols and non-chaebol firms must go through severe restructuring to overcome the current crisis. The new role of the government is to fister the legal and economic environment for firms so that they are able to adopt various methods of restructuring. Also, firms and the government should devise a system to avoid possible future crisis. One fundamental step is to modernize corporate governance. Corporate decisions should protect the rights not only of majority shareholders but also of minority shareholders. Reformed banks should set up a system which enables evaluation of each investment decision. Market competition should be the underlying force to discipline managers all the time. Then firms in Korea will be equipped with the system, at least, that will minimize the chance of inviting a second crisis.

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생산자구본천

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날짜1998-11-01

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기록유형문서류

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기록형태보고서/논문

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주제정치경제

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