Post‐crisis restructuring of the corporate governance of Korean companies
Abstract
Purpose
The purpose of this paper is to identify both the problems and their solutions in the corporate governance systems of Korean business groups (chaebols) in the wake of the Asian financial crisis.
Design/methodology/approach
This is a conceptual paper and includes suggestions for improving international governance systems.
Findings
In this paper, the author focuses on how chaebols should be restructured to improve the Korean economy. In order to figure out how they should be restructured, the author explains the positives and negatives of their current structure and how these can be modified/eliminated to make stronger corporate governance.
Originality/value
The paper provides conceptual insights into systems and laws, which can be used to improve the corporate governance of business groups.
Keywords
Citation
Jung, J. (2013), "Post‐crisis restructuring of the corporate governance of Korean companies", Corporate Governance, Vol. 13 No. 1, pp. 3-17. https://doi.org/10.1108/14720701311302387
Publisher
:Emerald Group Publishing Limited
Copyright © 2013, Emerald Group Publishing Limited