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한국의 경제성장과 입법발전의 분석(An evaluative anlaysis of Korean legislative development in relation with economic growth) : 자본시장법제(Establishment of capital market)

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  • 한국의 경제성장과 입법발전의 분석(An evaluative anlaysis of Korean legislative development in relation with economic growth)
  • Cho, Hye-Shin
  • 한국법제연구원


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Title 한국의 경제성장과 입법발전의 분석(An evaluative anlaysis of Korean legislative development in relation with economic growth)
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Sub Title

자본시장법제(Establishment of capital market)

Material Type Reports
Author(English)

Cho, Hye-Shin

Publisher

[Sejong]:한국법제연구원

Date 2012-07
Series Title; No 법제교류 연구 / 12-21-2-2
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Economy < Economic Conditions
Government and Law < Laws and Legislation
Holding 한국법제연구원

Abstract

In Korea, the role played by the financial ministry in the course of the government-led economic development from the 1960s through the 1980s was called “government-led financial operation” or “policy financing.” Such expressions point to the close partnership between the government and private businesses. The government had such a powerful political and economic influence that it could close businesses outright or rejuvenate failing ones, so businesses earnestly cooperated with the government. The government helped business grow based on diligence and adventurism, while trying to control them in a way it found appropriate. Such a firm relationship between the government and business formed through financial policy.
As a country with an extremely limited capital base, Korea used such a method effectively, and the experience has formed the basis of the achievement made by the country. (The rest omitted)