@article{ART003231167},
author={Lee Seungbin and Park Youngsin},
title={Economic Policies and Taxation of King Sejong in Joseon Dynasty: The Servant Leadership},
journal={Industry Promotion Research},
issn={2466-1139},
year={2025},
volume={10},
number={3},
pages={515-526},
doi={10.21186/IPR.2025.10.3.515}
TY - JOUR
AU - Lee Seungbin
AU - Park Youngsin
TI - Economic Policies and Taxation of King Sejong in Joseon Dynasty: The Servant Leadership
JO - Industry Promotion Research
PY - 2025
VL - 10
IS - 3
PB - Industrial Promotion Institute
SP - 515
EP - 526
SN - 2466-1139
AB - This study analyzes Sejong's economic policies and taxation system from the perspective of servant leadership. Sejong's economic achievements were analyzed from the perspectives of the monetary system, the civil registration system, the introduction of water wheel, and the implementation of speciel taxation system that applies taxes on private domains, and the relationship with his servant leadership was examined as well. Specifically, First, Sejong pursued economic policies by sequentially introducing paper money and coins, but eventually reverted to paper money, failing to fully overcome the imperfections of the monetary system. Second, Sejong systematized the nationwide family registry to secure stable state-finances and improve the efficiency of taxation policies. Third, to improve the shortcomings of the water wheel introduced from China, Sejong introduced the dwarf water wheel to revitalize water-powered agriculture, and, to support this, he expanded the supply of agricultural books and favored bureaucrats who could come up with pragmatic solutions. Fourth, King Sejong improved the efficiency of economic policies and the taxation system by implementing the Gong-Law, which compensated for the shortcomings of the trial-and-loss law implemented during King Taejong's regime. On top this process, he exercised servant leadership to ensure that the opinions of relevant interest groups were fully reflected, and he worked hard to establish a taxation system that did not increase the economic suffering of the underprivileged groups. Future research on the causal effects of Sejong's emotional leadership and Pygmalion leadership on the performance of his economic policies and tax system will provide a more multidimensional understanding of his economic achievements.
KW - Joseon dynasty;King Sejong;Economic policies;Taxation;Servant leadership
DO - 10.21186/IPR.2025.10.3.515
ER -
Lee Seungbin and Park Youngsin. (2025). Economic Policies and Taxation of King Sejong in Joseon Dynasty: The Servant Leadership. Industry Promotion Research, 10(3), 515-526.
Lee Seungbin and Park Youngsin. 2025, "Economic Policies and Taxation of King Sejong in Joseon Dynasty: The Servant Leadership", Industry Promotion Research, vol.10, no.3 pp.515-526. Available from: doi:10.21186/IPR.2025.10.3.515
Lee Seungbin, Park Youngsin "Economic Policies and Taxation of King Sejong in Joseon Dynasty: The Servant Leadership" Industry Promotion Research 10.3 pp.515-526 (2025) : 515.
Lee Seungbin, Park Youngsin. Economic Policies and Taxation of King Sejong in Joseon Dynasty: The Servant Leadership. 2025; 10(3), 515-526. Available from: doi:10.21186/IPR.2025.10.3.515
Lee Seungbin and Park Youngsin. "Economic Policies and Taxation of King Sejong in Joseon Dynasty: The Servant Leadership" Industry Promotion Research 10, no.3 (2025) : 515-526.doi: 10.21186/IPR.2025.10.3.515
Lee Seungbin; Park Youngsin. Economic Policies and Taxation of King Sejong in Joseon Dynasty: The Servant Leadership. Industry Promotion Research, 10(3), 515-526. doi: 10.21186/IPR.2025.10.3.515
Lee Seungbin; Park Youngsin. Economic Policies and Taxation of King Sejong in Joseon Dynasty: The Servant Leadership. Industry Promotion Research. 2025; 10(3) 515-526. doi: 10.21186/IPR.2025.10.3.515
Lee Seungbin, Park Youngsin. Economic Policies and Taxation of King Sejong in Joseon Dynasty: The Servant Leadership. 2025; 10(3), 515-526. Available from: doi:10.21186/IPR.2025.10.3.515
Lee Seungbin and Park Youngsin. "Economic Policies and Taxation of King Sejong in Joseon Dynasty: The Servant Leadership" Industry Promotion Research 10, no.3 (2025) : 515-526.doi: 10.21186/IPR.2025.10.3.515
