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Financial Sector Reform in Korea after the Asian Financial Crisis

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Since introducing the IMF stabilizing package in December 1997, major steps have been taken to restructure the financial sector in Korea. The financial sector reform until now is appraised to have laid the foundation for solid economic recovery and restoration of the sovereign credit rating. In particular, various measures to clean the balance sheets of financial institutions were, in a large part, successful in providing the foundation for an early normalization of the financial system and easing the credit crunch situation.

Abstract

Ⅰ. Introduction

Ⅱ. Institutional Reform

Ⅲ. Fiscal Support for Financial Sector Restructuring

Ⅳ. Contents of Financial Sector Reform

Ⅴ. Interim Appraisal

Ⅵ. Concluding Remarks

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