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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

    HRH The Duke of York–

    Wednesday 27th Aug 23:00 CET

    Saturday 30th Aug 22:30 CET


    ASIA

    HRH The Duke of York–

    Saturday 30 August 12:30, 19:30 SIN

    Sunday 31 August 02:30, 21:30 SIN

    Monday 01 September 04:30 SIN


    AUSTRALIA/NZ

    HRH The Duke of York–

    Saturday 6 September 22:30 AEST

    Sunday 7 September 02:30, 21:30 AEST

    Monday 8 September 04:30 AEST