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.