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The role of foreign investment in Korean privatization

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Title The role of foreign investment in Korean privatization
Similar Titles
Material Type Articles
Author(English)

Yun, Mikyung; Park, Young-Ho

Publisher

[Seoul]:Korea Institute for International Economic Policy

Date 1999
Journal Title; Vol./Issue Journal of East Asian Economic Integration:
Pages 42
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Administration
Holding KIEP

Abstract

This thesis is aiming at observing the privatization trend of the state-owned enterprises after the declaration of the privatization of a great number of the state-owned enterprises in 1998. This thesis analyzed and made comments on this issue, and got an enlightenment on the overseas sale of the state-owned enterprises, according to a deep analysis of POSCO’s and KEPCO’s achievement on privatization by issuing Depositary Receipts. To issue DR (deposit receipt of stock) in overseas did not restrict the holding limitation of foreigners; it also has the advantage of getting the domestic premium in Korea. So it is considered to be the principal method of the overseas sale of the state-owned enterprises. The result of this thesis shows that, generally speaking, the recent issue of the DR of state-owned enterprises is successful as a blueprint of privatization. (The rest omitted)