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Historical Survey of the Administrative Guidance on Prices

  • Korean Society and Public Administration
  • Abbr : KSPA
  • 2004, 15(3), pp.-
  • Publisher : Seoul Association For Public Administration
  • Research Area : Social Science > Public Administration

Han, SeungYeon 1

1충북대학교

Accredited

ABSTRACT

The ‘administrative guidance’ has been an important measure for implementing state-controlled price policies in Korea since the Colonial Period(1910-1945). As for price control, the Korean government has used high-handed approaches via meetings with related industries and business organizations, and the practice hasn’t changed much for almost one hundred years. The administrative guidance on prices has taken place whenever the government felt that it needed to check inflation by stabilizing prices. The detailed actions of the guidance take rigid and even coercive measures via various subsidy and prize-and-penalty systems.

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