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Restructuring of the economy and its impacts on the Korean maritime industry

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  • Tae-Woo Lee

Abstract

The Korean government has made many efforts to repair the damage done by the financial crisis since November 1997. The restructuring programmes for the Korean economy, including chaebols' (i.e. family-controlled conglomerates) restructuring, have impacted in many ways on the shipping, shipbuilding and port sectors. This is because major shipping lines, shipyards, and recent privatization and operation of container terminals have closely been related to chaebols. This paper is concerned with the impacts of the Korean financial crisis on the shipping, shipbuilding, and port sector, with restructuring of the economy and chaebols.

Suggested Citation

  • Tae-Woo Lee, 1999. "Restructuring of the economy and its impacts on the Korean maritime industry," Maritime Policy & Management, Taylor & Francis Journals, vol. 26(4), pages 311-325, October.
    • Handle: RePEc:taf:marpmg:v:26:y:1999:i:4:p:311-325
    DOI: 10.1080/030888399286763
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    References listed on IDEAS

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    1. Lee, Tae-Woo, 1990. "Korean shipping policy , : The role of government," Marine Policy, Elsevier, vol. 14(5), pages 421-437, September.
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    Cited by:

    1. Song, Dong-Wook & Seo, Young-Joon & Kwak, Dong-Wook, 2019. "Learning from Hanjin Shipping’s failure: A holistic interpretation on its causes and reasons," Transport Policy, Elsevier, vol. 82(C), pages 77-87.
    2. Paul Tae-Woo Lee & Cheng-Wei Lin & Yi-Shih Chung, 2014. "Comparison analysis for subjective and objective weights of financial positions of container shipping companies," Maritime Policy & Management, Taylor & Francis Journals, vol. 41(3), pages 241-250, May.
    3. Thanh Cong Nguyen & Trung Hieu Le, 2024. "Financial crises and the national logistics performance: Evidence from emerging and developing countries," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(2), pages 1834-1855, April.
    4. Juneseuk Shin & Young-Mo Lim, 2014. "An empirical model of changing global competition in the shipbuilding industry," Maritime Policy & Management, Taylor & Francis Journals, vol. 41(6), pages 515-527, November.
    5. Paul C. Hong & Young Soo Park & David W. Hwang & Mehrdad Jalali Sepehr, 2024. "A growth theory perspective on the competitive landscape of shipbuilding: a comparative study of Japan, Korea, and China," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 26(3), pages 462-489, September.

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