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文章认为，１９９７年韩国大企业集团出现的破产浪潮，是企业发育过程中缺乏市场竞争而未能按ＳＣＰ循环来规范企业行为和改善企业绩效所造成的，也是韩国政府在初期催生大企业集团获得成功后，在认识上低估市场竞争的作用，推崇政府主导，没有及时实现由政府主导向市场主导过渡的必然结果。因此，它是多年积累隐患的总爆发，是由政府主导向市场主导过渡的阵痛，它意味着韩国的企业发育在外力作用下开始了强制市场化的过程
The article argues that the wave of bankruptcy that emerged in South Korea's large conglomerates in 1997 was caused by the lack of market competition during the development of enterprises and the failure to regulate corporate behavior and corporate performance on an SCP cycle. It was also the result of the early establishment of a large enterprise group by the South Korean government After its success, it understands the role of market competition in its understanding, respects the leading of the government and fails to timely realize the inevitable result of the transition from a government-led market to a market-led economy. Therefore, it is the total outbreak of hidden dangers for many years, a painstaking move from a government-led to a market-led transition. It means that the development of South Korea's enterprises has begun the process of forced marketization under the external force