South Korea Market
... Korea Market
Until recently, South Korea operated a mixed economic system. On one hand, the country adhered to the basic tenets of private enterprise and a market economy. On the other hand, it followed a highly visible policy of government intervention. Through planning, direct or indirect ownership and control of enterprises and financial institutions, regulation of foreign exchange, and implementation of appropriate monetary and fiscal policies, the Government played a crucial role in making market adjustments and maximizing incentives. This was aimed at pursuing the fulfillment of its desired economic, social, political, and cultural objectives. However, economic success, the increa...