IDEAS home Printed from https://ideas.repec.org/a/tpr/asiaec/v3y2004i1p1-21.html
   My bibliography  Save this article

Financial Sector Restructuring in South Korea: Accomplishments and Unfinished Agenda

Author

Listed:
  • Choong Yong Ahn

    (President, Korea Institute for International Economic Policy 300-4, Yumgok-Dong Seocho-Ku, Seoul South Korea 137-747)

  • Baekin Cha

    (Director of Research, Korea Institute of Finance 6th Floor, KFB Bldg. 4-1, 1-Ga, Myong-Dong Chong-Ku, Seoul South Korea 100-021)

Abstract

South Korea has undertaken major and far-reaching actions to rebuild and improve its financial sector since the financial crisis of 1997. Various measures to clean up the balance sheets of financial institutions have helped to normalize the financial system earlier than expected and have significantly eased the credit crunch. Despite the many significant changes in the South Korean economy brought about by financial reform, the country must continue with further improvements if it expects to build a stronger and more competitive financial industry that can thrive in the international market. To sustain the momentum of its initial reform effort, South Korea should institute additional financial reforms, eliminate moral hazard, and establish new market-based rules. Copyright (c) 2004 Center for International Development and the Massachusetts Institute of Technology.

Suggested Citation

  • Choong Yong Ahn & Baekin Cha, 2004. "Financial Sector Restructuring in South Korea: Accomplishments and Unfinished Agenda," Asian Economic Papers, MIT Press, vol. 3(1), pages 1-21.
    • Handle: RePEc:tpr:asiaec:v:3:y:2004:i:1:p:1-21
    as

    Download full text from publisher

    File URL: http://www.mitpressjournals.org/doi/pdfplus/10.1162/1535351041747987
    File Function: link to full text
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Barbara Stallings, 2004. "Financial Liberalization, Crisis, and Rescue: Lessons for China from Latin America and East Asia?," IDB Publications (Working Papers) 48078, Inter-American Development Bank.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tpr:asiaec:v:3:y:2004:i:1:p:1-21. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kelly McDougall (email available below). General contact details of provider: https://direct.mit.edu/journals .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.