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Real-name financial system (RNFS) is a set of regulations or practices that mandates financial asset owners to hold and transact financial assets only under their own real name. By enhancing the transparency of a country’s financial system, it helps to achieve a number of policy objectives, such as promoting equitable distribution of tax burden, increasing tax revenue, curbing corruption, legalizing underground economy, and providing information infrastructure necessary for other reform measures. The mode of adoption, however, may vary across countries. In some, it is mandated by law while in others, it is adopted voluntarily by market participants. Whatsoever the mode, its adoption can be considered as an indispensable step necessary to level up a country’s economic system, to foster national unity, and to make economic development more sustainable.
When it comes to the adoption of the real-name financial system, Korea went through a number of twists and turns. (The rest omitted)
Korea’s experience of introducing the real-name financial system
![d Finance (MOSF), Republic of Korea Korea University Woochan Kim, Professor, Korea University Sang-Woo Nam, Fomer Dean, KDI School of Public Policy and Management Dong-soo Chin, Former Chairman, The Financial Services Commission
Research Management Supported by
KDI School of Public Policy and Management Ministry of Strategy and Finance (MOSF), Republic of Korea
Government Publications Registration Number 11-1051000-000674-01 ISBN 979-11-5545-176-2 94320 ISBN 979-11-5545-171-7 [SET 6] Copyright © 2014 by Ministry of Strategy and Finance, Republic of Korea
Government Publications Registration Number 11-1051000-000674-01
Knowledge Sharing Program
2015 Modularization of Korea’s Development Experience
Korea’s Experience of Introducing the Real-Name Financial System
Preface
opportunity to better understand the factors that drive development. Within approximately a single generation, Korea transformed itself from an aid-recipient basket-case to a donor more remarkable is that the fruits of Korea’s rapid growth were relatively widely shared. country with fast-paced yet sustained economic growth. What makes Korea’s experience even In 2004, the Korean Ministry of Strategy and Finance (MOSF) and the Korea Development The study of Korea’s economic and social transformation offers a unique window of
Institute (KDI) launched the Knowledge Sharing Program (KSP) to assist partner countries
in the developing world by sharing Korea’s development experience. To provide a rigorous
foundation for](/image.do?type=idas&timeFile=/asset/2016/04/19/DOC/PREVIEW/04201604190144219036594.jpg "d Finance (MOSF), Republic of Korea Korea University Woochan Kim, Professor, Korea University Sang-Woo Nam, Fomer Dean, KDI School of Public Policy and Management Dong-soo Chin, Former Chairman, The Financial Services Commission
Research Management Supported by
KDI School of Public Policy and Management Ministry of Strategy and Finance (MOSF), Republic of Korea
Government Publications Registration Number 11-1051000-000674-01 ISBN 979-11-5545-176-2 94320 ISBN 979-11-5545-171-7 [SET 6] Copyright © 2014 by Ministry of Strategy and Finance, Republic of Korea
Government Publications Registration Number 11-1051000-000674-01
Knowledge Sharing Program
2015 Modularization of Korea’s Development Experience
Korea’s Experience of Introducing the Real-Name Financial System
Preface
opportunity to better understand the factors that drive development. Within approximately a single generation, Korea transformed itself from an aid-recipient basket-case to a donor more remarkable is that the fruits of Korea’s rapid growth were relatively widely shared. country with fast-paced yet sustained economic growth. What makes Korea’s experience even In 2004, the Korean Ministry of Strategy and Finance (MOSF) and the Korea Development The study of Korea’s economic and social transformation offers a unique window of
Institute (KDI) launched the Knowledge Sharing Program (KSP) to assist partner countries
in the developing world by sharing Korea’s development experience. To provide a rigorous
foundation for")
| Title |
Korea’s experience of introducing the real-name financial system
Similar Titles
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|---|---|
| Project Category | Development Cases |
| Material Type | Report |
| Publisher |
Sejong : KDI School |
| Date | 2015 |
| Project | Development Cases |
| Series Title; No | Knowledge Sharing Program; 경제발전경험 모듈화 사업 |
| ISBN | 979-11-5545-176-2 94320; 979-11-5545-171-7 [SET 6] |
| Pages | 132 |
| Subject Country | South Korea(Asia and Pacific) |
| Language | English |
| File Type | Documents |
| Original Format | |
| Subject | Economy < Financial Policy |
| Holding | KDI School |
| Supervisor | Ministry of Strategy and Finance |
| Organizer | Ministry of Strategy and Finance; Korea University |
| Sponsor | Ministry of Strategy and Finance |
| Project Term | 2015-01-01 ~ 2015-12-31 |
| License |  |
Abstract
Resources
한국의 금융실명제 도입 경험(Korea’s experience of introducing the real-name financial system)
2015
/ 세종
:
KDI국제정책대학원
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