Financial Infrastructure and Corporate Governance in South Korea: An In-depth Analysis and Current Economic Trends

DOI

10.2991/978-94-6463-298-9_14How to use a DOI?

Keywords

South Korea; Economy

Abstract

This comprehensive report delves into the multifaceted financial landscape of South Korea, highlighting its various financial institutions, stock exchange functions, central bank roles, and the influence of governmental bodies on corporate governance. The analysis emphasizes the differentiation and unique functionalities of South Korean financial institutions ranging from banks, insurance companies to real estate trusts. An in-depth look at the stock exchange reveals its primary roles, including securities and futures market operations and regulatory responsibilities. The critical role of the central bank in shaping the financial sector, notably in financial stability and systemic risk management, is detailed. Moreover, the report discusses the intricate dynamics between various financial intermediaries such as investment banks, securities intermediaries, and the Korea Deposit Insurance Corporation. A significant emphasis is laid on the government’s role in establishing a stringent corporate governance framework through laws like the Commercial Law and Securities Market Act. To ensure effective corporate governance, the incorporation of modern information management techniques like ERP technology and data communication methods by Korean firms is highlighted. The report concludes with a snapshot of the country’s recent economic trajectory, spotlighting the challenges faced during the 2020 pandemic and the forecasted economic rebound in 2021.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Kaijie Xu
PY  - 2023
DA  - 2023/11/30
TI  - Financial Infrastructure and Corporate Governance in South Korea: An In-depth Analysis and Current Economic Trends
BT  - Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023)
PB  - Atlantis Press
SP  - 134
EP  - 141
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-298-9_14
DO  - 10.2991/978-94-6463-298-9_14
ID  - Xu2023
ER  -