All in the family
“A MISFORTUNE turns into a blessing”, goes an old Korean saying. For South Korea's powerful industrial groups, the chaebol, that saying may well come true. Only yesterday, the woes of several big groups seemed to be dragging down South Korea's banks. Now, they may end up owning the banks.
This article appeared in the Finance & economics section of the print edition under the headline “All in the family”
From the April 5th 1997 edition
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