Introduction: the political economy of corporate restructuring in Korea Wonhyuk Lim, Stephan Haggard and Euysung Kim; Part I. The Politics and Economics of the Chaebol Problem: 1. The emergence of the Chaebol and the origins of the 'Chaebol problem' Wonhyuk Lim; 2. The politics of Chaebol reform, 1980¿1997 Byung-Kook Kim; 3. The government, Chaebol and financial institutions in pre-crisis Korea Joon-Ho Hahm; 4. Corporate governance and performance of Korean firms in the 1990s Sung Wook Joh and Euysung Kim; Part II. The Political Economy of Crisis Management: 5. Business-government relations under Kim Dae Jung Jongryn Mo and Chung-in Moon; 6. The restructuring of Daewoo Dong Gull Lee; 7. Bank-led corporate restructuring Kyung Suh Park; Part III. Reform and Restructuring: 8. Corporate bankruptcy system and economic crisis in Korea Youngjae Lim; 9. FDI and corporate restructuring in post-crisis Korea Mikyung Yun; 10. Competition law and policy in Korea Kwang-Shik Shin; 11. Corporate governance reform in Korea Myeong-Hyeon Cho; Conclusion: whither the Chaebol? Stephan Haggard, Wonhyuk Lim and Euysung Kim.