Download or read book Reforming Korea's Industrial Conglomerates written by Edward Montgomery Graham and published by Peterson Institute for International Economics. This book was released on 2003 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1998, the Korean economy experienced the deepest recession since the Korean War. Within a year a number of smaller industrial conglomerates had failed. In this study, Graham examines the causes of this situation, tracing them back to the aggressive industrial policy begun by president Park Chung-hee during the late 1960s. He also analyzes reforms undertaken since 1997, concluding that they have not been entirely successful.