Abstract
This chapter explains the growth and influence of business associations on policy analysis in Korea through institutional analysis of business associations and an examination of specific policy examples. The analysis focuses on three kinds of business associations. The first is business associations from conglomerates, or chaebols, which includes the Federation of Korean Industries (FKI) and Korea Employer’s Federation (KEF). The second is business associations that represent small and medium-sized enterprises (SMEs). The biggest of these is the Korea Federation of SMEs (KBIZ), which has been empowered by policies to support SMES in order to remedy Korea’s excessive dependence on chaebols. The third is business associations from specific industries, which represent specific interests of each industry. This chapter shows the changing nature and role of business associations in the policymaking process over decades.
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