Abstract
One of the features of South Korea's impressive economic development is that it has been achieved without a developed financial system. This sector has suffered from lack of autonomy, being closely controlled by the government during the last thirty years. Governmental interventions have created not only phenomenal economic success but also various structural problems and serious inefficiencies in the national economy, among them a rather archaic financial structure. This financial structure – banking and securities market – has become a target of governmental reforms which have been intensified lately.
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© 1994 Dilip K. Ghosh and Edgar Ortiz
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Poznanska, J. (1994). Structural Changes in the Korean Financial Market. In: Ghosh, D.K., Ortiz, E. (eds) The Changing Environment of International Financial Markets. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-23161-4_16
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DOI: https://doi.org/10.1007/978-1-349-23161-4_16
Publisher Name: Palgrave Macmillan, London
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