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Korean economic restructuring : Evaluation and prospects

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Title Korean economic restructuring
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Sub Title

Evaluation and prospects

Material Type Proceedings
Author(English)

Yoon, Mikyung

Publisher

Seoul:Korea Institute for International Economic Policy

Date 1998
Series Title; No Seminar proceedings
ISBN 89-322-3022-6
Pages 125
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Financial Policy
Holding KIEP; KDI School

Abstract

Following the outbreak of the foreign currency crisis in November 1997, the resolution of domestic debt has emerged as the primary task for restoring economic stability in Korea. A year of economic turmoil and efforts at reform have now passed and it seems to be a good time for a reflection; for this purpose, KIEP held an international seminar, focusing on the two most important and intertwined aspects of economic reform: financial sector reform and corporate restructuring. The financial sector reform has been reviewed by Dr. Stijn Claessens of the World Bank, and corporate restructuring by Dr. Ira Lieberman, also from the World Bank. The papers provide updated information on the reform process, and identify the size of the debt and the size of funds to resolve it as the biggest and immediate problem to be taken care of. (The rest omitted)