Issues of privatizing public enterprise in the telecommunications sector in Korea

Abstract

There has been a change in attitudes toward public enterprises around the world in recent years. In Western Europe, the United Kingdom and France have set out to privatize public enterprises on a large scale. While many of developing countries have considered public enterprise as the mainstay of economic development, there has been also an increasing disillusionment with public enterprise and proposals have been made for privatization in various areas. This paper attempts to describe the economic role of public enterprise and explain the general reasons for privatizing public enterprise in the developing countries. And this paper attempts to draw some issues involved in the privatization of public enterprise, particularly considering the case of telecommunications sector in Korea. Future prospects are briefly mentioned as conclusion.