Reforming Public Enterprises in South Korea

Abstract

This paper first seeks to explain trends and patterns by which public enterprises has changed or continued in Korea. This involves an overall analysis of the various impacts of public enterprises in the past as well as the governmental responses to these impacts. Effects and achievement coming from privatization will be analyzed in each stage of denationalization of the Korean state firms. Also, this paper examines prospects of reforming the government-run enterprises under the current presidential leadership. This is deemed necessary in the light of still existing conflicts in South Korea between the economic demand of restructuring and socio-political opposition to this tendency. Moreover, this study will attempt to suggest more suitable and effective means of achieving successful reform of the Korean public enterprises in the future.