Transforming a South Korean chaebol: An interview with Doosan's Yongmaan Park

The Korean conglomerate Doosan was clobbered by a debt crisis in 1996 that forced it to sell off profitable assets -- just ahead of a pan-Asian financial downturn. "We had a better balance sheet and better operations, but our portfolio was garbage," says Yongmaan Park. Still, it held onto its oversized ambitions, and last year bought Bobcat for almost $5 billion.

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