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An Analysis of the Bank of Chosen’s Balance Sheet

Author

Listed:
  • Park, Jieun

    (The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise)

Abstract

The Bank of Chosen was a Korean bank created under Japanese colonial rule by the Residency-General (the Japanese colonial authority) to help modernize the Korean economy for Japan’s benefit. The bank was established in 1909, continued until the end of Japanese colonialism, and ended its existence by handing over its remaining activities to the central bank for South Korea—the Bank of Korea—after Korean War. The Bank of Chosen not only existed in Korea (Chosen) but had branches in areas of China that were Japanese colonies. It functioned as a tool of Japanese financial imperialism. This paper mainly focuses on analyzing the balance sheet of the Bank of Chosen—digitized here for the first time in an accompanying spreadsheet workbook—and how it changed over time. The paper also offers a brief background history for a better understanding of the functioning of the bank.

Suggested Citation

  • Park, Jieun, 2017. "An Analysis of the Bank of Chosen’s Balance Sheet," Studies in Applied Economics 93, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    • Handle: RePEc:ris:jhisae:0093
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    File URL: https://sites.krieger.jhu.edu/iae/files/2017/12/Bank-of-Chosen_Jieun-Park.pdf
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    More about this item

    Keywords

    Bank of Chosen; Bank of Korea; balance sheet; assets; liabilities;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F54 - International Economics - - International Relations, National Security, and International Political Economy - - - Colonialism; Imperialism; Postcolonialism
    • N25 - Economic History - - Financial Markets and Institutions - - - Asia including Middle East

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