Breaking Up Chaebol Not Main Issue: Lee Kuan Yew
Whether or not large Korean conglomerates should be broken up is not quite so important as finding the right entrepreneurial managers to run them, said former Singaporean prime minister Lee Kuan Yew yesterday.
``The need to get the (economic) system right cannot be refuted but what is more important is how it must be done,'' he said, noting that Korea has unfortunately been suffering from Japan's predicaments.
Hiring the right management, allocating capital more efficiently and basically reshaping the economy into a more competitive form through restructuring will get Korea back on track, Lee said.
Lee, the father of Singapore's success story, made the …
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Publication information: Article title: Breaking Up Chaebol Not Main Issue: Lee Kuan Yew. Contributors: Not available. Newspaper title: Korea Times (Seoul, Korea). Publication date: October 22, 1999. Page number: Not available. © Not available. COPYRIGHT 1999 Gale Group.
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