• Fri
  • Sep 19, 2014
  • Updated: 7:33pm

Kim Dae-Jung

Korea's chaebol bounce back stronger than ever

The chaebol - the giant, family-run empires behind South Korea's economic miracle - have come back stronger than ever since the economic crisis of 1997-98 brought them to their knees.

Monday, 11 September, 2006, 12:00am

Korea's chaebol bounce back stronger than ever

The chaebol - the giant, family-run empires behind South Korea's economic miracle - have come back stronger than ever since the economic crisis of 1997-98 brought them to their knees.

That crisis exposed the conglomerates' excessive borrowing and size-is-all strategy.

11 Sep 2006 - 12:00am

Political barometer

Ahead of South Korea's April 15 legislative elections, everything is getting political. The government is suddenly making announcements or initiating projects that seem politically motivated. Opposition parties cry foul, arguing that such moves are designed to woo voters.

30 Jan 2004 - 12:00am

Lavish poverty

South Korea's former president, Chun Doo-hwan, claims his entire fortune is worth less than US$300. Yet he often plays golf at prime country clubs together with family members and associates and travels overseas with a big entourage. His wife recently planted an expensive tree at a golf course to celebrate her hole-in-one.

4 Jul 2003 - 12:00am

BUGGING CLAIMS GROUNDLESS

The 'Observer' column in the December 3 issue of the South China Morning Post included groundless allegations of wiretapping by the South Korean government. By reporting without critical screening the self-serving claims of some politicians in this presidential election season, your newspaper actually helped distort the truth and mislead readers.

11 Dec 2002 - 12:00am

OBSERVER

The latest allegations emanating from South Korea in conjunction with its approaching presidential election are really frightening. The opposition Grand National Party has made public many pages of summaries and transcripts of telephone conversations that it alleges came from a whistle-blower in the National Intelligence Service.

3 Dec 2002 - 12:00am

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