Economic Crisis, Felony, and Criminal Policy: The Case of Korea, 1997-2007

Kim Duol and Kim Jee Eun
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Kim Duol: Korea Development Institute
Kim Jee Eun: Korea Development Institute

Asian Journal of Law and Economics, 2010, vol. 1, issue 1, 34

Abstract: Since the 1997 financial crisis in Korea, the incidence of felonies such as murder, robbery, arson, and rape has doubled. We found that the Korean government has not taken adequate countermeasures against the crime-inducing environments, which contributed to the growth of felonies. Resource input in the policing has been virtually stagnant since 1997. The court has not raised the punishment level for compensating the lower investment in the policing. Despite the emphasis on rehabilitation in the correction, repeat offenders have led the growth of felonies. In order to prevent further aggravation of social safety, it is crucial to invest more resources into criminal policies and to enhance policy effectiveness.

Keywords: felony; financial crisis; criminal policy (search for similar items in EconPapers)
Date: 2010
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DOI: 10.2202/2154-4611.1002

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