Research On Reforms In Economy Of Kim Dae-Jung's Government In Korean

Since June 1997, a finance crisis took place from Thailand, and it diffused to the whole Southeast Asia, even all the world. It made the stock markets sag from one by one, the financial system even the economy hurt seriously. Korea is not exceptional.On Feb.25th, 1998, Kim Dae-Jung was made the 15th president of Korea. Then, the Korean government carried out compulsive reformations in public departments, labor markets, big corporations and financial system. The reforms to public departments are to ascertain impacts of the government, and improve the efficiency of the public departments. The emphasis is to the structure of the government and the dexterity and clarity of effects, creative and competitive taking place of functionary thinking. The reforms to labor markets are mainly to devastate"employment for life", and put"employment freely"into practice. The reforms to the big corporations are to go by five principles, which are improving the clarity of the management, forbidding warranty among corporations, ameliorating the structure of finance, strengthening the liability of managers and carrying out"principal estates". The reforms to finance system are very important. The main methods are carrying out the adjustment of the banks'structure, improving funds, reforming the mechanism, founding independent and consolidated regulation and cultivating capital market to be the source of corporations. The Korean government got jubilant accomplishments in defending and resolving crisis. It provides experiences for Southeast Asia countries even all the world.