Republic of Korea, Selected Issues
Author :
Publisher :
Page : 76 pages
File Size : 12,74 MB
Release : 2008
Category : Banks and banking
ISBN :
Author :
Publisher :
Page : 76 pages
File Size : 12,74 MB
Release : 2008
Category : Banks and banking
ISBN :
Author : Mr.Angel J. Ubide
Publisher : International Monetary Fund
Page : 67 pages
File Size : 34,90 MB
Release : 1999-03-01
Category : Business & Economics
ISBN : 1451844646
After years of strong performance, Korea’s economy entered a crisis in 1997, owing largely to structural problems in its financial and corporate sectors. These problems emerged in the second half of that year, when the capital inflows that had helped finance Korea’s growth were reversed, as foreign investors—reeling from losses in other Southeast Asian economies—decided to reduce their exposure to Korea. This paper focuses on the sources of the crisis that originated in the financial sector, the measures taken to deal with it, and the evolution of key banking and financial variables in its aftermath.
Author : Reda Cherif
Publisher : International Monetary Fund
Page : 79 pages
File Size : 32,7 MB
Release : 2019-03-26
Category : Business & Economics
ISBN : 1498305563
Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be replicated. Using a theory and empirical evidence, we argue that one can learn more from miracles than failures. We suggest three key principles behind their success: (i) the support of domestic producers in sophisticated industries, beyond the initial comparative advantage; (ii) export orientation; and (iii) the pursuit of fierce competition with strict accountability.
Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 55 pages
File Size : 40,56 MB
Release : 2018-02-13
Category : Business & Economics
ISBN : 1484341570
This 2017 Article IV Consultation highlights that the Republic of Korea’s near-term outlook is improving. After slowing in the second half of 2016, growth has picked up in 2017, while recent geopolitical tensions have had a limited impact. The rebound was led by a strong expansion in investment, especially in the information technology and construction sectors. Export growth strengthened thanks to improving external conditions and high global demand for semiconductors. Private consumption growth picked up, but remains below economic growth. Recovery has been supported by an accommodative monetary policy, with lending rates and long-term yields close to record lows.
Author : Scott A. Snyder
Publisher : Columbia University Press
Page : 203 pages
File Size : 31,54 MB
Release : 2018-01-02
Category : History
ISBN : 0231546181
Against the backdrop of China’s mounting influence and North Korea’s growing nuclear capability and expanding missile arsenal, South Korea faces a set of strategic choices that will shape its economic prospects and national security. In South Korea at the Crossroads, Scott A. Snyder examines the trajectory of fifty years of South Korean foreign policy and offers predictions—and a prescription—for the future. Pairing a historical perspective with a shrewd understanding of today’s political landscape, Snyder contends that South Korea’s best strategy remains investing in a robust alliance with the United States. Snyder begins with South Korea’s effort in the 1960s to offset the risk of abandonment by the United States during the Vietnam War and the subsequent crisis in the alliance during the 1970s. A series of shifts in South Korean foreign relations followed: the “Nordpolitik” engagement with the Soviet Union and China at the end of the Cold War; Kim Dae Jung’s “Sunshine Policy,” designed to bring North Korea into the international community; “trustpolitik,” which sought to foster diplomacy with North Korea and Japan; and changes in South Korea’s relationship with the United States. Despite its rise as a leader in international financial, development, and climate-change forums, South Korea will likely still require the commitment of the United States to guarantee its security. Although China is a tempting option, Snyder argues that only the United States is both credible and capable in this role. South Korea remains vulnerable relative to other regional powers in northeast Asia despite its rising profile as a middle power, and it must balance the contradiction of desirable autonomy and necessary alliance.
Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 118 pages
File Size : 33,5 MB
Release : 2018-02-13
Category : Business & Economics
ISBN : 148434166X
This Selected Issues chapter outlines a strategy to facilitate this and navigate the more challenging monetary environment, involving enhanced communication of policy interest rate intentions and inflation-forecast targeting. The reduction in the inflation target by a percentage point to 2 percent in January 2016 weakened the nominal anchor. Monetary policy can play a role rebuilding the credibility of the anchor more rapidly through the adoption of inflation-forecast targeting. This strengthening of the monetary policy framework involves enhancing communications. An effective, credible monetary policy cannot address all macroeconomic challenges facing Korea. Rather, it can foster robust growth with low inflation, providing a stable and predictable environment that allows other policies to work more effectively. These other policies play a complementary role. Fiscal policy can reinforce the effectiveness of monetary policy, as illustrated by model scenarios. Structural policies can also support monetary policy by, for example, boosting potential growth.
Author : Brad Glosserman
Publisher : Columbia University Press
Page : 234 pages
File Size : 21,12 MB
Release : 2015-05-26
Category : Political Science
ISBN : 0231539282
Japan and South Korea are Western-style democracies with open-market economies committed to the rule of law. They are also U.S. allies. Yet despite their shared interests, shared values, and geographic proximity, divergent national identities have driven a wedge between them. Drawing on decades of expertise, Brad Glosserman and Scott A. Snyder investigate the roots of this split and its ongoing threat to the region and the world. Glosserman and Snyder isolate competing notions of national identity as the main obstacle to a productive partnership between Japan and South Korea. Through public opinion data, interviews, and years of observation, they show how fundamentally incompatible, rapidly changing conceptions of national identity in Japan and South Korea—and not struggles over power or structural issues—have complicated territorial claims and international policy. Despite changes in the governments of both countries and concerted efforts by leading political figures to encourage U.S.–ROK–Japan security cooperation, the Japan–South Korea relationship continues to be hobbled by history and its deep imprint on ideas of national identity. This book recommends bold, policy-oriented prescriptions for overcoming problems in Japan–South Korea relations and facilitating trilateral cooperation among these three Northeast Asian allies, recognizing the power of the public on issues of foreign policy, international relations, and the prospects for peace in Asia.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 38 pages
File Size : 25,60 MB
Release : 1998-09-15
Category : Business & Economics
ISBN : 1451822111
This Selected Issues paper analyzes corporate restructuring and corporate governance in the Republic of Korea. The paper describes the chaebols and their role in the economy. It reviews the government’s role in shaping and regulating the chaebols, explains factors that have encouraged debt over equity finance, and describes the key elements in corporate governance. Weaknesses in the Korean corporate governance system are described. The paper also discusses the reforms to strengthen the Korean corporate governance system and to promote corporate restructuring.
Author : Alice Hoffenberg Amsden
Publisher : Oxford University Press, USA
Page : 400 pages
File Size : 17,51 MB
Release : 1989
Category : Business & Economics
ISBN : 9780195076035
South Korea has been quietly growing into a major economic force, even challenging Japan in some industries. This growth may be seen as an example of "late industrialization" and this book discusses this point.
Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 31 pages
File Size : 17,33 MB
Release : 2023-12-21
Category : Business & Economics
ISBN :
Republic of Palau: Selected Issues