25/01/2010

Developments in Corporate Governance in Asia-The Case of Korea’s LG Group

Insurance Research Department          Executive research fellow & General Manager    for Asia Tomikazu Hiraga 

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  Once devastated by the Asian crisis and criticized for flawed corporate governance practices, Korea’s leading business groups (chaebol) have staged an impressive recovery amid the global recession. This paper examines the hypothesis that their success stems partly from the government’s leadership and initiatives to radically reform the corporate governance system, and from the decisive and diligent actions of firms, and presents a case study of one of the most progressive and successful chaebol, the LG Group.

   * This is an English translation of the original Japanese report (click here) released in November 2009.

Insurance Research Department            Executive research fellow & General Manager    for Asia

Tomikazu Hiraga

Research field
Global Business and International Economy  mainly in Asia and Global HRM

03-3512-1822

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