Structural Adjustment of Korea in Zaibatsu, Financial Sector, and Manufacturing Industry: Focusing on Relations with Japan after Asian Currency Crisis

我们先后7次访问韩国，调查了韩国经济的实际情况。我们在KIEP举办了研讨会，并在韩国国际金融中心了解了有关金融合作的信息。我们访问了现代汽车和起亚汽车及其零部件公司、韩国金融研究院、三星经济研究院、大韩商工会议所等，了解了韩国金融、企业、劳动、公共部门的结构改革情况。1997年外汇危机后，我们以课题的名义对韩国的经济改革进行了实地调查。我们的重点是解散财阀，改革金融体制，重组制造业。我们对比了日本经济和韩国经济的实际情况。我们还包括了日本和韩国之间的自由贸易协定的形成、制造业的合作/共存、日本和韩国之间的金融合作以及金融部门的合作/共存的调查。具体来说，我们明确了以下几点。关于韩国财阀问题的解决，分析了更好的合作治理制度和制度现代化的途径。关于韩国的金融改革，研究了在从间接金融体制到直接金融体制的过程中如何稳定金融体制。3 .关于自由贸易协定和制造业共存问题，我们发现日韩两国在寡头垄断下的分工形式更为合适，日韩合作是东亚合作的一大动力。东亚区域货币区在宏观经济指标上并非不现实，与欧盟欧元的情况相比较。我们的研究成果发表在学术期刊上，并编成一本书。

We investigated the actual conditions of the Korean Economy, by visiting Korea seven times. We gave seminar at KIEP, and got information about financial cooperation at Korean Center for International Finance. We visited Hyundai Motor Company & Kia Motors Corporation, and their parts companies, Korea Institute for Finance, Sumsung Economic research Institute, The Korea Chamber of Commerce & Industry, KIET, to get information about structural reforms on finance, business firms, labor, public sectors of Korea.Under the title of our project, we made field research and investigated economic reforms in Korea, after Asian crisis in 1997. Our focuses are on dissolution of zaibatsu, on reform of financial system, and on reorganization of manufacturing industry. We investigated the actual conditions of the Korea economy, comparing to the Japanese economy. We also included investigation about a formation of FTA between Japan and Korea, about cooperation/coexistence of manufacturing sectors, about financial cooperation between Japan and Korea, and about cooperation/coexistence of financial sectors. More specifically, we made clear the following points.1. About resolution of Korean zaibatsu, the better system of cooperate governance and the way to modernize the system is analyzed.2. About financial reform in Korea, how to stabilize the financial system in the process from an indirect financial system to a direct financial system is investigated.3. About FTA and about coexistence in manufacturing sectors, it is found that the form of division of labor under oligopoly is more appropriate in the case of Japan and Korea, and the Japan-Korea cooperation is a big momentum for East Asia cooperation.4. Regional currency area in East Asia is not unrealistic in macro economic indices, comparing the case of Euro of EU.Our researches are published in paper of academic journal and compiled into one book.