Study Of The Korean Financial System

The point of penetration of this essay is the relationship between finance and economic development. The author focuses his study on the construction, evolution and development of financial system in Korea, and makes a further discussion about the revelations of Korean financial system to our country's financial system reform. The analyses in the whole essay follow a route as showed below: First of all, the essay starts with the characteristics of Korean financial system, making an analysis of the structural features of Korean financial system. Then it lays particular emphasis on the study of the establishment and operation of industrial financial system in Korea. At the same time, combined with an introduction to the financial crisis happened several years ago, it makes a description of the course of Korea's financial system reform. Finally, proceeding from a thorough understanding of the characteristics of our country's financial system, the essay draws several revelations from Korea's financial system reform.Before the breakout of 1997 Asian financial crisis, Korea had adopted a "government-guided" industrial financial system, with the feature of "government controlled finance" in its operation mechanics. After the crisis, Korea has reinforced its financial system reform, leading the nation's economy into a virtuous road of development. Any country's financial system is a reflection of the nation's level of productive forces, and is gradually formed and perfected in long time of practice. At present, our country is in a stage of tackling the key problems in financial system reform. Those problems perplexing us are just the same that had made the Koreans hard-pressed not long ago. Therefore, by studying the reform of the Korean financial system, we can take their experiences and historical lessons as our reference. Combining that with the features of our own financial structure, we can construct a financial system adapted to our socialist market economic system.