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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.


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  • Showtimes

    EMEA

    Aerin Lauder –

    Wednesday 2nd July 23:00 CET

    Saturday 5th July 22:30 CET


    ASIA

    Aerin Lauder –

    Saturday 5th July 17:00 SIN

    Sunday 6th July 19:00 SIN


    CNBC World

    Aerin Lauder –

    Saturday 5th July 22:00 ET

    Sunday 6th July 05:30 ET