Bankruptcy Policy Reforms and Corporate Restructuring in Postcrisis Korea
In the unfolding process of the Korean financial crisis in 1997, an inefficient corporate bankruptcy system played a damaging role in the Korean economy. Before…
Korea-U.S. Economic Relations in 2005
Korea’s economy in the year 2005 demonstrated that it is picking up significant positive momentum, although the full-year performance in 2005 showed mixed results. Korea’s…
Reforming the Pension System in Korea
Korea is in the midst of the most rapid demographic transition of any member country of the Organization for Economic Cooperation and Development (OECD); the…
Korea’s Postcrisis Exchange Rate Policy
There are few areas about which there is a greater range of opinions among international monetary experts than the issue of exchange rate regimes. Eminent…
Recent Developments in Korea’s Financial Markets: Foreign Exchange Liberalization and the New Real Estate Policy
In 2005, the Korean government implemented a number of new financial policies. Of those, two policy measures deserve special attention because of their potentially significant…