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Structural Changes in the Korean Financial Market

In: The Changing Environment of International Financial Markets

Author

Listed:
  • Joanna Poznanska

Abstract

One of the features of South Korea's impressive economic development is that it has been achieved without a developed financial system. This sector has suffered from lack of autonomy, being closely controlled by the government during the last thirty years. Governmental interventions have created not only phenomenal economic success but also various structural problems and serious inefficiencies in the national economy, among them a rather archaic financial structure. This financial structure – banking and securities market – has become a target of governmental reforms which have been intensified lately.

Suggested Citation

  • Joanna Poznanska, 1994. "Structural Changes in the Korean Financial Market," Palgrave Macmillan Books, in: Dilip K. Ghosh & Edgar Ortiz (ed.), The Changing Environment of International Financial Markets, chapter 16, pages 231-243, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-23161-4_16
    DOI: 10.1007/978-1-349-23161-4_16
    as

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