A big bang for South Korea?(stock market reform after previous corruption scandal in South Korean Securities and Exchange Commission)(Brief Article)
Economist (US), The, July, 1996
SEOUL
EVEN the blackest of clouds has a silver lining. In early June, Paik Won Ku, the governor of South Korea's Securities and Exchange Commission (SEC), and Han Taek Soo, a director of the Ministry of Finance and Economy, were arrested for taking bribes from firms in return for helping them to get a stockmarket listing. Another six of the SEC's executives were forced to resign. That was the black cloud.
The silver lining is that the subsequent shock has encouraged both the ministry and the SEC to tackle some of the causes of corruption. On July 12th, barely six weeks later, the ministry unveiled a plan for several far-reaching stockmarket reforms. Will they prove effective?
One reason for the initial scandal was the desperation of many South Korean...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
