Financial Sector Restructuring in KoreaAug 03, 1998

<Basic Principles of Financial Sector Restructuring>


■ Efficient use of public resources
○ Market-oriented restructuring

○ Burden-sharing with shareholders, employees and managerial staff


■ Complying to international standards


■ Sequential restructuring
○ Banks first

○  But NBFIs destabilizing the financial system shut down any time


■ Closely linked to corporate sector restructuring
○  Accelerate corporate restructuring through bank reform
○  Enhance transparency of corporate management
○  Facilitate exit of non-viable corporations


■ Strengthening financial supervision



* Please refer to attached PDF for details.