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Political and economic processes in the privatization of the Korea telecommunications industry : A case study of Korea Telecom, 1987-2003

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  • Political and economic processes in the privatization of the Korea telecommunications industry
  • Jin, Dal Yong
  • Elsevier


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Title Political and economic processes in the privatization of the Korea telecommunications industry
Similar Titles
Sub Title

A case study of Korea Telecom, 1987-2003

Material Type Articles
Author(English)

Jin, Dal Yong

Publisher

[Amsterdam, Netherlands]:Elsevier

Date 2006
Journal Title; Vol./Issue Telecommunications Policy:vol. 30
Pages 11
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Industry and Technology < Others
Holding Elsevier

Abstract

The Korean government completed its privatization of Korea Telecom (KT) in May 2002. Privatization was undertaken at a gradual pace at first mainly because the Korean government did not want to hand over its managerial power to the privatized telecommunications service company, although it announced its plan in 1987. However, the inauguration of the World Trade Organization (WTO) system and the Korean economic crisis of 1997 forced the government to accelerate its full privatization plan. During this process, several main players such as the Korean government, transnational corporations, international organizations, and large domestic conglomerates played important roles. The full privatization of KT is the result of the political, social, and economic demands of these players.