S. Korea's 'chaebol' announce restructuring plans
South Korea's five largest business conglomerates or
''chaebol'' agreed Thursday Sept. 3 to restructure their affiliated
companies in line with demands by the International Monetary Fund
(IMF) to streamline the country's economy. Sohn Byung Doo (L), vice
president of the Federation of Korean Industries, announces the
agreement at a news conference in Seoul.
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- 1998/9/03 15:00:00
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