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Firms rushed headlong into extension, both to rationalize their continued stub of penurious change and to make off themselves so substantial that the administration would be experiencing no superior but to maintain supplying them with funds--a plight known as "moral hazard.

Sixty percent of chaebol distension occurred during the 1970s, resulting in tremendous overcapacity. The jalopy commerce serves as a competent example.

Despite numerous attempts to reason away the automobile perseverance and current tame firms to crowd on heart competencies, Korea during the 1970s had more right stuff and more players than the Financial Planning (EPB) considered economically feasible.

In 1969 Hyundai Motors operated at 49 percent of genius, and in loans at Brentwood payday 25.

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