Affective Networks, Social Capital, and Modernity in Korea

Mi-Hye Chang and Tae-Eun Kim

Chapter Chapter 3 in The Korean Economic Developmental Path, 2013, pp 49-73 from Palgrave Macmillan

Abstract: Abstract In the previous chapter, the focus was placed on the psychological effect of Confucianism in Korea. This chapter and the following chapters pay greater attention to distinctive features of Korean society. One of the seeming anomalies of this otherwise rapid and apparently thorough transition to modernity in Korea is the continued presence of strong “affective networks” (綠逸閭痢, yuangu guanxi in Chinese, yŏn’go kwankye in Korean). Indeed, one of the most striking characteristics of modern Korean society is the intricately webbed nexus among state/nonstate and official/nonofficial sectors. As was clearly revealed during the Asian financial crisis of 1997, many hitherto successful Asian economies, including that of South Korea, were characterized by strong state—business ties and business-to-business ties, which went beyond the kind usually found in modern capitalist economies.

Keywords: Social Capital; Civil Society; Korean Society; Democratic Party; Private Good (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-34729-9_3

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DOI: 10.1057/9781137347299_3

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