@article{ART000979468},
author={In Kwon Lee and Inhak Hwang and 서정환 and Han， Hyun Ok},
title={Underlying Agenda of Korean Chaebols: Change in Perception and Policy},
journal={Journal of Regulation Studies},
issn={1738-7132},
year={2003},
volume={12},
number={1},
pages={189-221}
TY - JOUR
AU - In Kwon Lee
AU - Inhak Hwang
AU - 서정환
AU - Han， Hyun Ok
TI - Underlying Agenda of Korean Chaebols: Change in Perception and Policy
JO - Journal of Regulation Studies
PY - 2003
VL - 12
IS - 1
PB - 한국규제학회
SP - 189
EP - 221
SN - 1738-7132
AB - It should be noted that the main driving force for Chaebols reform is basically market discipline, not government-led intervention. The only role of government is to set up market infrastructure for Chaebols to reform by themselves. Even though Chaebols reform is inevitable to level up the competitiveness of firms and revive to Korean economy, government role should be limited for the productive outcome of Chaebols reform.
The forced dismantlement of Chaebols or business group does not guarantee the competitiveness. The competitiveness edge of Chaebols or business group is secured in the process of fierce market competition, the improvement of corporate governance, and the check and balance of variety of financial institutions. In addition, government should focus on the building of new incentive structure for Chaebols to reform by themselves in the productive and reasonable direction.
KW - Chaebols reform;coporate governance;market discipline;government roleJEL Classification : L0
DO -
UR -
ER -
In Kwon Lee, Inhak Hwang, 서정환 and Han， Hyun Ok. (2003). Underlying Agenda of Korean Chaebols: Change in Perception and Policy. Journal of Regulation Studies, 12(1), 189-221.
In Kwon Lee, Inhak Hwang, 서정환 and Han， Hyun Ok. 2003, "Underlying Agenda of Korean Chaebols: Change in Perception and Policy", Journal of Regulation Studies, vol.12, no.1 pp.189-221.
In Kwon Lee, Inhak Hwang, 서정환, Han， Hyun Ok "Underlying Agenda of Korean Chaebols: Change in Perception and Policy" Journal of Regulation Studies 12.1 pp.189-221 (2003) : 189.
In Kwon Lee, Inhak Hwang, 서정환, Han， Hyun Ok. Underlying Agenda of Korean Chaebols: Change in Perception and Policy. 2003; 12(1), 189-221.
In Kwon Lee, Inhak Hwang, 서정환 and Han， Hyun Ok. "Underlying Agenda of Korean Chaebols: Change in Perception and Policy" Journal of Regulation Studies 12, no.1 (2003) : 189-221.
In Kwon Lee; Inhak Hwang; 서정환; Han， Hyun Ok. Underlying Agenda of Korean Chaebols: Change in Perception and Policy. Journal of Regulation Studies, 12(1), 189-221.
In Kwon Lee; Inhak Hwang; 서정환; Han， Hyun Ok. Underlying Agenda of Korean Chaebols: Change in Perception and Policy. Journal of Regulation Studies. 2003; 12(1) 189-221.
In Kwon Lee, Inhak Hwang, 서정환, Han， Hyun Ok. Underlying Agenda of Korean Chaebols: Change in Perception and Policy. 2003; 12(1), 189-221.
In Kwon Lee, Inhak Hwang, 서정환 and Han， Hyun Ok. "Underlying Agenda of Korean Chaebols: Change in Perception and Policy" Journal of Regulation Studies 12, no.1 (2003) : 189-221.
