a won bill that a Korean worker holds in a hand. The Korean financial combine falls into a difficult situation by weak yen strong won (Reuters);
A serious accident is taking place recently in the corporate group called "a financial combine" controlling economy of Korea. The cases such as the arrest of bankruptcy and the top of the financial combine occur successively. The export that became the growth engine of the economy of Korea fails to rise, and the domestic demand is sluggish, and the debt that a financial combine holds traces the course of the expansion while external environment is severe. The crisis of the financial combine seems to reveal darkness of the economy of Korea.
Korean nucleus financial combine, affiliates five of the Orient group occurred successively in after the end of September and performed procedure application of the legal management (equivalent to the Japanese Company Resuscitation Law) in the court in the Seoul city. The group deals with the business such as cement or the household appliance, and I have surfaced in the fifth place of the Korean financial combine once, but it is said that it might be dismantled by a legal liquidation.
This failed drama becomes the big social problem in Korea. Because group companies are the failed one which put a corporate bond and commercial paper (CP) on sale to an individual investor until just before that. According to the local news, approximately 40,000 investors who jumped at 8% a year of high yields products leave the amount of publication with 2 trillion won (approximately 180 billion yen) in total, and the fear that these become the paper waste appears.
I say (domestic financial institution economist) who "was precarious day-to-day management to publish a corporate bond and the CP of high yields for the repayment fund of the corporate bond which I published before newly", and the structure resembles a problem and the conservation product that it is in China.

In the financial combine presenting plural companies by whole families management, presence by the economy of Korea is extremely big including the largest Samsung group and Hyundai Motors group of the second place.

It is considered that there is the financial combine more than 40 including a thing having a small scale, but I fall into a management crisis, and the case which failed is not only Orient group. In last October, the bear Tsu (yes gin) group of the new financial combine which spread by active mergers and acquisitions (merger, the purchase) was bankrupted virtually. STX group of the Korean thirteenth place to unfold mainly on shipbuilding and the shipping trade was at a loss for management and, in this May, entered under the management of the bank
The above economist comments on the background in this way.

By "the growth that export with weak won as a weapon was led, each financial combine group ran for the extended competition of the scale". However, the export slows down by the slowdown of the China's economy and begins to fall off the group with a large amount of debt

After last November, weak yen and the strong won that received monetary easing expectation of Japan advance, and the environment surrounding the financial combine group adds to strictness remarkably.
The alliance news reported the data which the total of the obligation of 30 Korean financial combines grew than 575 trillion won (approximately 52 trillion yen) and double from 261 trillion won (approximately 23 trillion yen) of 2007 at the end of 12. The failed Orient group greatly deteriorated financial standing, too.

By the topic except the management side, the financial combine disturbs the world. People from person of establishment of a business of the financial combine are subject to criminal charge in succession.

A prison sentence was given to the brothers of SK group's chairperson and the vice-chairperson of the Korean third place to deal with information and communication and oil, a chemical allied enterprise each in Seoul High Court saying that I diverted the fund of the company to personal investment.
In the relatives of Samsung group's chairperson, a different financial combine, the chairperson of CJ group are prosecuted for big sum tax evasion. After a prison sentence was announced at an appeal court of the breach of trust, Kahn F group's chairperson becomes the restoration in the Supreme Court.
Besides, the top and the executive of the financial combine are prosecuted, but the one which it is in in the background lets you enlarge business without an end and is that a feeling of dissatisfaction of the nation to the financial combine pressing the management of the medium and small-sized business increases.

In form to draw up such dissatisfaction, it was the Park Geun Hye President that I advocated financial combine reform by a catch phrase of "the economic democratization", and acquired the government. However, it is necessary to borrow the power of the financial combine to steal out of slump of the economy, and I appeal to the major financial combine group for investment in July a half year later, and the economic democratization does not advance from the government start.

The export of September declined from a year earlier after an interval of 1.5% decrease and three months even if I examined recent economic indicators. If the amount of import of September decreases by 3.6%, a weakness of the domestic demand appears.

International Monetary Fund (IMF) revised the prediction of the growth rate of 2014 in Korea downward by latest World Economic Outlook in 3.7% from 3.9% as of July. A series of financial combine crises suggest opacity in the future of the economy.