Republic of Korea: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 381

Publication date: October 2006

ISBN: 9781451822205

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , bank , employment , firm , service sector , income , income inequality , nonfinancial firm , productivity performance , bank equity , repo market , Health care spending , Income inequality , Credit , Capital markets , Small and medium enterprises , Global , Europe , Asia and Pacific , Eastern Europe

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Summary

This note is on Korea’s transition to a knowledge-based economy, the prospects and challenges ahead, and the development of its financial sector. Assessment of recent government initiatives to develop capital markets has been presented. The note discusses restrictions on Chaebol ownership of Korean banks and strategy for restructuring the small and medium-sized enterprise sector in Korea. This note describes the key fiscal challenges and discusses possible ways to address them, arguing that there is already a great need to start taking remedial action.