3 ms·
Sounds like a good capital allocation by the government at the time! I'm guessing Samsung paid them back? Any sectors that the Korean government is funding wel
by vmception 6y ago
Sounds like a good capital allocation by the government at the time! I'm guessing Samsung paid them back?
Any sectors that the Korean government is funding well or should be funding better these days?
- msg3 6y agoI'm not sure about the current situation, but I believe the loans were maintained for a long time to ensure a certain level of government control over the large Chaebols.
- bobthepanda 6y agoMost of the early stuff probably would have been wound down during 1998 when the Asian Financial Crisis brought down Daewoo and the IMF had to stabilize the government’s spending.