> According to FinanceAsia.com
> (http://www.financeasia.com/articles/4B2C7F53-9BEB-11D4-8C130008C72B383C.cfm)
> foreigners owned 42% of Hyundai Electronics as of October 11, 2000, after
> the company had to sell equity to pay down debt after the 1997 crisis.
Which is still a minority ownership share: the article says ownership is 22% by Hyundai companies, 24.7% by Korean retail investors and 3.9% by Korean institutions, for a grand total of 50.6%. Also, Hyundai El hasn't paid a dividend to stockholders since 1996, was bailed out by the state and has taken huge losses in the DRAM biz in order to establish long-term market share -- the direct antithesis of neolib orthodoxy. It's true that the chaebol are losing their status as family firms and are well on the way to becoming modernized, global corporations, but the trend seems to be towards keiretsu-style biz networks, as opposed to Wall Street-style bubble madness.
-- Dennis