한국 서민금융제도의 형성과 정착

How does Build up the People s Finance Institutions in Korea? - From Mujin into Kukmin Bank

This article analyzes the development of an informal financial intermediary in Korea, the rotating savings and credit association called the Mujin. The Mujin was the traditional organization of Japan and has been introduced into Korea in the end of 19th Century. Passing the colonial period and the Korean War, Korean have been strived against a sudden impact and made efforts to keep their livelihood. Financial institutions has not been still set up and has been closed to the unsecured and poor man. In the Uncertainty, property couldn t find way to increase profit and began to move to the usury and unorganized financial market. Mujin was prosperous in the 1950s and increased a credit-risk. Since 1962, President Park has drived economic development plan and has managed to raise fund for the plan. For this plan, financial system has been focus on raising domestic capital. In the course of raising fund, Kukmin bank was built in the way of absorbing Mujin. It is the policy to try to remove unorganized financial market. But it is not easy to reduce the influence of unorganized financial market.