Lectures

한국 금융제도의 발전
Development of Korea's Financial System
  • Instructor : Sang-oh Choi
  • Year : Year 5(2025-2026)
  • Difficulty : Intermediate
  • Target : Specific
  • Field : Economy and Society
  • Type : Ordinary
  • Week : 12 Weeks
  • Keywords
    Financial System, Monetary System, Central Bank, Financial Institutions, Securities Market
Summary
This course explains, from the perspective of financial system development, how Korea—which lacked the prerequisites for economic development—became one of the few countries to succeed in economic development after World War II. First, it explains how a modern financial system was introduced and developed in Korea, where one had not previously flourished. Second, it divides the financial system into indirect and direct financial markets, introduces the development process of each, and explains why Korea developed centered on the indirect financial market rather than the direct one. Third, it explains the role the government played in the rapid development of the financial system.
Instructor
Sang-oh Choi
1. Affiliation
National Museum of Korean Contemporary History

2. Education
Ph.D. in Economics, Sungkyunkwan University

3. Selected Publications
"The Formation Process of Export-oriented Industrialization Policy in Korea- A Study on Factors of Rapid Export Growth after the early 1960s -", The Review of Business History 25(3), 2010
"Korean Government's Economic Policy and Industrialization Strategy in the 1950s", Review of Economic History 35, 2003.
Guidebooks
week01.pdf (2 MB)
week02.pdf (2 MB)
week03.pdf (2 MB)
week04.pdf (1 MB)
week05.pdf (2 MB)
week06.pdf (2 MB)
week07.pdf (2 MB)
week08.pdf (2 MB)
week09.pdf (2 MB)
week10.pdf (2 MB)
week11.pdf (2 MB)
week12.pdf (2 MB)
exam.pdf (271 KB)