"When is Hyundai going to get it?"

Business Week, June 12, 2000, p. 66.

Synopsis:

This article introduces the reform and restructuring programs launched by Hyundai, Korea's largest chaebol. The pressure from the government and creditors has led Hyundai to make several promises that include: hand management to professionals, reduce investments, sell unproductive units, and invite foreign investment. However, no one is convinced because the group's founding family has broken many promises to restructure. This article also explains why Hyundai's right reforms are important not only for Korean stock and bond markets but also for Korean economy.

Full-text Article: http://www.businessweek.com/2000/00_24/b3685301.htm

Text connection:

Chapter 20 "Financial Management in the International Business" (pp.619-621).