The Political Economy of Reforming Financial Supervision in South Korea
- Authors
- Heo, Inhye
- Issue Date
- 12월-2014
- Publisher
- SAGE PUBLICATIONS INC
- Keywords
- South Korea; financial supervision reform; new economic landscape; the 1997 Asian financial crisis; social actors; financial supervisory organizations
- Citation
- JOURNAL OF ASIAN AND AFRICAN STUDIES, v.49, no.6, pp.690 - 704
- Indexed
- SCOPUS
- Journal Title
- JOURNAL OF ASIAN AND AFRICAN STUDIES
- Volume
- 49
- Number
- 6
- Start Page
- 690
- End Page
- 704
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/96654
- DOI
- 10.1177/0021909613508517
- ISSN
- 0021-9096
- Abstract
- This study examines the reform trajectory of financial supervision in South Korea after the 1980s, focusing on external and internal political-economic factors. Research results indicate that the changed economic landscape led the government, which once utilized financial supervision as a tool to support industrial policy, to alter its aims and pursue the development of the financial market itself. During this transformational process, the 1997 Asian financial crisis functioned as a powerful stimulus for the reform of the previous supervisory system. The process was also marked by social actors' efforts to affect related policies and the government's efforts to control the reform process, as well as confrontations between organizations that supported contradictory reform plans. A multi-strategy approach including in-depth interviews with a senior staff member from a government financial regulatory agency, literature reviews, and secondary data collection, was adopted in order to enhance the validity and reliability of this paper.
- Files in This Item
- There are no files associated with this item.
- Appears in
Collections - ETC > 1. Journal Articles
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.