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The US JOBS Act and its implications for the Korean economy

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  • The US JOBS Act and its implications for the Korean economy
  • Kim, Kab Lae
  • Korea Capital Market Institute


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Title The US JOBS Act and its implications for the Korean economy
Similar Titles
Material Type Reports
Author(English)

Kim, Kab Lae

Publisher

[Seoul]:Korea Capital Market Institute

Date 2012-05
Series Title; No Capital Market Opinion
Pages 6
Subject Country United States(Americas)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Social Development < Employment
Government and Law < Laws and Legislation
Holding KCMI

Abstract

The JOBS Act became law with strong bipartisan support from the US Congress. The enactment of the JOBS Act is based on growing public demand to revitalize local economies and create jobs by facilitating capital raising for startup companies. American politicians have talked extensively about job creation and economic growth and have strived to establish related legal and regulatory frameworks. In this regard, the JOBS Act provides implications for the Korean economy, which faces infinite competition from advanced economies such as the US in the high-tech sector. It is necessary to discuss various ways of promoting capital market financing for startup and growth companies in Korea. Thus, it is time to resume legislative discussions about developing the capital markets while taking Korea’s unique economic conditions into account.