3 options to revive troubled firms

Monday, 6 June 2016

The Korea Times

This was an article contribution by Associate Professor Shin Jang-Sup from the Department of Economics at NUS Faculty of Arts and Social Sciences. Assoc Prof Shin, who is the former adviser to South Korea’s finance minister, discussed about the major corporate restructuring that is currently taking place in Korea’s shipbuilding and shipping industries. He noted that doing business involves numerous pieces of innovation and efforts that may not be seen by outsiders and this task is more daunting in reviving troubled corporations. He opined that it is important to configure the commitment and competence of managers and workers into the overall design of the corporate restructuring process.

Click here to read the article.


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