콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Financial Policy
Economy Economic Administration

Print

The need for improved risk management in corporate governance of banks in South Korea

Related Document
Frame of Image
  • The need for improved risk management in corporate governance of banks in South Korea
  • Chae, Dong-Yoon
  • Seoul National University


link
Title The need for improved risk management in corporate governance of banks in South Korea
Similar Titles
Material Type Articles
Author(English)

Chae, Dong-Yoon

Publisher

[Seoul, South Korea]:Seoul National University

Date 2012
Journal Title; Vol./Issue Journal of Korean Law:vol. 12(no. 1)
Pages 26
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Economy < Economic Administration
Holding Seoul National University

Abstract

Korea’ banking industry underwent incredible growth in the last 50 years and the role of corporate governance has become ever more important. It is now generally accepted that corporate governance is essential for a healthier and stronger banking industry. This is especially relevant because banks directly affect the stability of Korea’ financial market and the development of its national economy. Reforming the corporate governance of Korean banks can therefore help prevent financial crises in the future. This paper provides an overview of Korea’ economy and banking industry, and explains their relationships with corporate governance. While there are different aspects to corporate governance of banks, this paper focuses on risk management because it plays a crucial role. This paper concludes by making several recommendations for a more effective risk management system to promote healthier Korean banks.