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Start Listening to the Alarm Bells

Tuesday, July 2, 2002

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. tempo : 173510917167.

Hans W. Vriens*
*Hans W. Vriens, a lawyer by training, is Managing Director of PT APCO Indonesia, a public affairs and strategic communications consulting company in Jakarta.

 

The financial crisis that hit Asia in 1997 savaged the Korean chaebols or conglomerates. A plunge in the South Korean currency made it near impossible for many chaebols, which had expanded into everything from shipbuilding to semi-conductors and autos, to repay

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