| Privatizing KDB: Issues and Discussions |
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Suk Heun Yoon |
| 산은 민영화 추진 |
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윤석헌 |
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| Abstract |
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In this paper, I argue that privatizing KDB (Korea Development Bank) should continue as already promulgated by the previous government through revising the KDB act in 2009. I support this argument by discussing pros and cons of the re-integration of the KDB with KoFC (Korea Finance Corporation) which has been covertly held up as one of the presidential election pledges by the current government. The primary reason against the re-integration is the loss of consistency in promulgated government policy over consecutive government regimes which would likely damage its credibility in international financial markets. Further, Korea can take a leading role by the privatized KDB in developing domestic capital markets in the future. I also discuss various factors related to successful completion of the privatization. Finally, I discuss the role for the KoFC as a control tower coordinating various channels of policy finance available. |
| Key Words:
은행 민영화,정책금융,정책금융공사,투자은행,한국산업은행(산은),Bank Privatization,Investment Banks,Korea Development Bank(KDB),Korea Finance Corporation(KoFC),Policy Finance |
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