Subordinate financialization and financial subsumption in South Korea
Regional Studies, 2020, vol. 54, issue 2, 209-218
This paper analyzes the peculiarity of financialization in South Korea after the 1997 Asian financial crisis. Financialization research originally focused on the US experience and primarily understood financialization in the scope of the national state. However, this study analyzes financialization in terms of geographical differentiation and uneven development, and confirms that financialization in South Korea has a subordinate character due to US financial hegemony. This study also focuses on the fact that household debts have exploded in South Korea since the 2000s and recognizes it as a financial subsumption in which the working class is directly expropriated by financial capital.
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:taf:regstd:v:54:y:2020:i:2:p:209-218
Ordering information: This journal article can be ordered from
Access Statistics for this article
Regional Studies is currently edited by Ivan Turok
More articles in Regional Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().