January 27, 2009 at 11:38 AM EST
Recession Hitting South Korean Conglomerates
South Korean conglomerates, (chaebol), many of which have had a long run of growth and success, could take a hit from the current recession, according to Oxford Analytica. South Korea’s Financial Supervisory Service (FSS) said on January 22 that it has asked creditor banks to assess the finances of 44 firms. These include affiliates of most [...]
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