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CNBC Meets

CNBC Meets: Sung-Joo Kim, part two

In part two, Sung-Joo Kim talks about how she was forced to sell the rights to exclusively distribute Gucci during the Asian financial crisis in 1997, when her firm lost $30 million overnight.

Kim said she was concerned about the future of her employees, but managed to sell 100 percent of the rights to Gucci very successfully.

Kim also reveals the business community looked down on the way she held transparent business records as this was not "common business practice" in the 1990s in South Korea, but the crisis proved her business was strong enough to survive.

CNBC Meets

Contact CNBC Meets

  • Tania Bryer is a guest presenter and executive producer of CNBC Meets. In this series, she profiles some of the world’s most successful business people to find out what makes them tick. Bryer previously worked for BBC and Sky Television.