Seoul, July 3: If all goes according to plan, a leaner and meaner Korea Inc will emerge Phoenix-like from the ashes of the current economic debacle in the new millennium.But restructuring of what was once the world's 11th largest economy is going to take more than a few years and may in the end only moderately change a deeply ingrained politico-economic culture, analysts said.
"Korea will go through an incremental process of reform. But compared to the past, it will be revolutionary," said Moon Chung-in, acting dean of Seoul's prestigious Yonsei university.
Kim Byung-kook, political science professor at Korea University, agreed: "I'd be very sceptical if Korea will be out of the financial crisis by the year 2000."
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
