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Privatization of state infrastructure
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- Authors
- Issue Date
- 1996
- Citation
- Korean Journal of Policy Studies, Vol.11, pp. 191-211
- Abstract
- World's political and economic environments are changing dramatically. Economic
bloc is commonly recognized as an international trend and all nations are making the
best effort to maximize their benefits. In Korea, the private enterprises obtained good
achievements in the electronic and motor manufacturing industries despite international
intense competitions. They contributed to the development of country's competitiveness
and to the accumulation of wealth.
The success of Korea's private enterprises resulted from the renovation of
management and management's determined working principles. By applying the
management models of private industries, state enteprises might bring its efficient
management.
The majority of state enterprises in Korea was established in early 1970 when GNP
per capita was only U$200. However, some state enterprises, such as Korea
Telecommunication, were established in 1980's when the GNP per capita was U$1,800.
- ISSN
- 1225-5017
- Language
- English
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