The educational arm oftheFederationofKoreanIndustries, a Seoul-based business trade group, has been working with the Stanford Graduate School of Business for three years to conduct programs for its 453 corporate members.
According to theFederationofKoreanIndustries, the debts ofthe four biggest chaebol stood at 139.6 trillion won by the end of last year, down by only 15% from 165.1 trillion won at the end of 1998.
Sohn Byung Doo, vice chairman of South Korea's powerful FederationofKoreanIndustries, was part ofthe delegation that accompanied President Kim Dae Jung to Pyongyang for the June summit.