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.
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.