Financial and Corporate Sector Restructuring in South Korea: Accomplishments and Unfinished Agenda
Choong Yong Ahn
The Japanese Economic Review, 2001, vol. 52, issue 4, 452-470
Abstract:
Following the Asian financial crisis, South Korea has undertaken wide‐ranging, economic structural reforms under IMF conditionality while receiving IMF assistance. This paper describes Korean accomplishments in restructuring the financial and corporate sectors, and also addresses the unfinished agendas. It suggests ongoing reforms in a knowledge‐based economy, in which the financial sector serves as the “brain” of market economy by allocating scarce capital to the most profitable firms within South Korea. It also recommends that subsidiary companies of Korean chaebols become independent viable business units, and that new sources of growth be found by promoting Korean SMEs and venture businesses. JEL Classification Numbers: E44, F34, G18, G32, G34, L11, L22, O16, O53.
Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (9)
Downloads: (external link)
https://doi.org/10.1111/1468-5876.00206
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:bla:jecrev:v:52:y:2001:i:4:p:452-470
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1352-4739
Access Statistics for this article
The Japanese Economic Review is currently edited by Akira Okada
More articles in The Japanese Economic Review from Japanese Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().