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1. Introduction: Business Groups in East Asia 1 Sea-Jin Chang Part I: Japan and Former NICs (Newly Industrialized Countries) 2. Japanese Business Groups: Continuity in the Face of Change 29 Christina L. Ahmadjian 3. Korean Business Groups: The Financial Crisis and the Restructuring of Chaebols 52 Sea-Jin Chang 4. Taiwanese Business Groups: Steady Growth in Institutional Transition 70 Chi-Nien Chung and Ishtiaq P Mahmood 5. Singaporean Business Groups: The Role of the State and Capital in Singapore Inc. 94 Lai Si Tui-Auch Part I: Emerging Market Countries 6. Malaysian Business Groups: The State and Capital Development in the Post-Currency Crisis Period 119 Edmund Terence Gomez 7. Thai Business Groups: Crisis and Restructuring 147 Piruna Polsiri and Yupana Wiwattanakantang 8. Indonesian Business Groups: The Crisis in Progress 179 Alberto D. Hanani Part III: New Horizons for Business Groups in East Asia 9. Chinese Business Groups: Their Origins and Development 207 Donghoon Hahn and Keun Lee 10. Conclusion: The Future of Business Groups in East Asia 232 Sea-jin Chang