{"title":"Transition II","authors":"Hyeong-ki Kwon","doi":"10.5749/j.ctv4cbgnc.8","DOIUrl":"https://doi.org/10.5749/j.ctv4cbgnc.8","url":null,"abstract":"The reforms initiated in the late 1970s took time to materialize the detailed form of new developmentalism. Conflicts between state policymakers and large corporations slowly produced adjustments through tedious attrition in the Roh Tae-woo (1988–92) and Kim Young-sam (1993–7) administrations. Large corporations wanted input-oriented volume expansionism, while economic bureaucrats pressed to change private corporations’ strategy toward specialization in core business. This chapter examines how industrial politics between the state and the private firms, as well as within the state, evolved in the Roh and Kim administrations, and why Korea continued state-led developmentalism by contentious adjustments. First this chapter examines the industrial politics between state and business, as well as among the ministries within the state during the Roh and Kim administrations. And before exploring the transformation following the Asian financial crisis, this chapter examines the electronics industry for a micro-level analysis of Korea’s new developmentalism.","PeriodicalId":281611,"journal":{"name":"Changes by Competition","volume":"140 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131246881","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Transition I","authors":"Hyeong-ki Kwon","doi":"10.1093/OSO/9780198866060.003.0005","DOIUrl":"https://doi.org/10.1093/OSO/9780198866060.003.0005","url":null,"abstract":"Due to many problems resulting from the heavy chemical industry (HCI) drive in the 1970s, including excessive input-oriented overinvestments, heavy-handed and highly detailed state control and imbalanced development, Korean capitalism in the 1980s underwent significant changes in the direction of liberalization, including open trade, privatization of banks, reduction of policy loans, and emphasis on private initiatives in the free market. Yet these liberalization measures do not mean an entire transformation of the developmental state to a neoliberal free market system. On the contrary, they initiated the transformation of the classical developmental state (DS) to a new version of state-led developmentalism. This chapter explores first to what extent Korea capitalism in the Chun Doo-hwan administration (1980–7) changed compared with the former DS. Second, we explore why Korea continued its state-led developmentalism by focusing mainly on bureaucratic contests inside the state.","PeriodicalId":281611,"journal":{"name":"Changes by Competition","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130686052","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}