@article{ART002429536},
author={Choi SangMok},
title={A Study on Financial Inclusion as a Main Goal of North Korea’s Financial Reform},
journal={Journal of Asia-Pacific Studies},
issn={1225-8539},
year={2018},
volume={25},
number={4},
pages={31-55},
doi={10.18107/japs.2018.25.4.002}
TY - JOUR
AU - Choi SangMok
TI - A Study on Financial Inclusion as a Main Goal of North Korea’s Financial Reform
JO - Journal of Asia-Pacific Studies
PY - 2018
VL - 25
IS - 4
PB - Institute of Global Affairs
SP - 31
EP - 55
SN - 1225-8539
AB - This study aims to emphasize that financial inclusion should be a main goal of North Korea’s financial reform. Theoretical discussions on financial inclusion, the policy proposals from international organizations, and the experience of many developing countries and transition countries are analyzed and the key factors that can effectively promote financial inclusion are derived. At the same time, the current status of financial inclusion in North Korea is examined and the financial inclusion strategies and key policy measures applicable to North Korea's financial reform process are presented.
In the absence of a well-established financial market and financial system, it is inevitable to promote financial reform focusing on market-oriented liberalization, but many developing and transition countries experienced financial instability and worsening income inequality. To address these problems, most developing countries have started to put financial inclusion at the core of financial reform. North Korea also should set financial inclusion as a main goal of financial reform and establish a comprehensive strategy which should be pursued consistently under the solid support of the supreme power. First of all, it is necessary to establish nationwide mobile money service to increase significantly accessibility to financial services along with expanding the branch network of financial institutions. At the same time, there is an urgent need for improving trust in the financial system and financial literacy of the North Korean people.
KW - Financial Inclusion;Financial Reform;Access to Finance;Financial Development;Microcredit
DO - 10.18107/japs.2018.25.4.002
ER -
Choi SangMok. (2018). A Study on Financial Inclusion as a Main Goal of North Korea’s Financial Reform. Journal of Asia-Pacific Studies, 25(4), 31-55.
Choi SangMok. 2018, "A Study on Financial Inclusion as a Main Goal of North Korea’s Financial Reform", Journal of Asia-Pacific Studies, vol.25, no.4 pp.31-55. Available from: doi:10.18107/japs.2018.25.4.002
Choi SangMok "A Study on Financial Inclusion as a Main Goal of North Korea’s Financial Reform" Journal of Asia-Pacific Studies 25.4 pp.31-55 (2018) : 31.
Choi SangMok. A Study on Financial Inclusion as a Main Goal of North Korea’s Financial Reform. 2018; 25(4), 31-55. Available from: doi:10.18107/japs.2018.25.4.002
Choi SangMok. "A Study on Financial Inclusion as a Main Goal of North Korea’s Financial Reform" Journal of Asia-Pacific Studies 25, no.4 (2018) : 31-55.doi: 10.18107/japs.2018.25.4.002
Choi SangMok. A Study on Financial Inclusion as a Main Goal of North Korea’s Financial Reform. Journal of Asia-Pacific Studies, 25(4), 31-55. doi: 10.18107/japs.2018.25.4.002
Choi SangMok. A Study on Financial Inclusion as a Main Goal of North Korea’s Financial Reform. Journal of Asia-Pacific Studies. 2018; 25(4) 31-55. doi: 10.18107/japs.2018.25.4.002
Choi SangMok. A Study on Financial Inclusion as a Main Goal of North Korea’s Financial Reform. 2018; 25(4), 31-55. Available from: doi:10.18107/japs.2018.25.4.002
Choi SangMok. "A Study on Financial Inclusion as a Main Goal of North Korea’s Financial Reform" Journal of Asia-Pacific Studies 25, no.4 (2018) : 31-55.doi: 10.18107/japs.2018.25.4.002
