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Published in:
1998 | OriginalPaper | Chapter
Economic Reform and Government—Business Relations in Korea: Towards an Institutional Approach
Author : Jaeho Yeom
Published in: Development Strategies in East Asia and Latin America
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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The Korean economy is currently going through an extensive restructuring process as a result of the upheavals occurring in highly competitive international markets. Since the early 1980s, government and business leaders alike have understood the need to restructure the economy in order to enhance the nation’s competitiveness. To this end, major renovation measures have been taken, focusing on reducing market concentration and deregulating, as well as market liberalization and privatization.