學術產出-Issues & Studies

Article View/Open

Publication Export

Google ScholarTM

政大圖書館

Citation Infomation

題名 The Political Economy of Restructuring the Electricity Sector in South Korea
作者 蔡中民
Tsai, Chung-min
貢獻者 政治系
關鍵詞 South Korea; electricity reform; state-business relations; privatization; state-owned enterprises
日期 2016-03
上傳時間 3-Nov-2016 18:01:05 (UTC+8)
摘要 South Korea launched electricity reform in the 1990s but had continued to struggle with instituting an effective free market. In order to bolster economic growth, the development of the electricity industry has long been a fundamental issue for the state. The case in Korea is distinctive because it is part of a large-scale privatization project as the political regime had just shifted to democracy. The state spun off and corporatized the state-owned power enterprise with very limited privatization. The Korean government has chosen to control the power companies as the largest shareholder. Nonetheless, the reform process was suspended in 2004 without encountering major problems. This has created a major puzzle for analysts: why did the reform result in this outcome? I argue that as a politically driven reform project, power reform in Korea was destined to fail. The economic and social responses elicited by reform implementation all contributed to the failure of the power reform. This paper describes the dynamics of Korea’s electricity reform and details the industrial restructuring during the reform. It examines the political logic of the reform and how it shaped the power industry and in turn led to a stalled agenda. The paper concludes with a discussion of the broader implications for the roles of the state, industrial policy, and state-business relations.
關聯 Issues & Studies, Vol.52, No.1, pp.1-26
資料類型 article
DOI http://dx.doi.org/10.1142/S1013251116500041
dc.contributor 政治系
dc.creator (作者) 蔡中民zh_TW
dc.creator (作者) Tsai, Chung-min
dc.date (日期) 2016-03
dc.date.accessioned 3-Nov-2016 18:01:05 (UTC+8)-
dc.date.available 3-Nov-2016 18:01:05 (UTC+8)-
dc.date.issued (上傳時間) 3-Nov-2016 18:01:05 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/103398-
dc.description.abstract (摘要) South Korea launched electricity reform in the 1990s but had continued to struggle with instituting an effective free market. In order to bolster economic growth, the development of the electricity industry has long been a fundamental issue for the state. The case in Korea is distinctive because it is part of a large-scale privatization project as the political regime had just shifted to democracy. The state spun off and corporatized the state-owned power enterprise with very limited privatization. The Korean government has chosen to control the power companies as the largest shareholder. Nonetheless, the reform process was suspended in 2004 without encountering major problems. This has created a major puzzle for analysts: why did the reform result in this outcome? I argue that as a politically driven reform project, power reform in Korea was destined to fail. The economic and social responses elicited by reform implementation all contributed to the failure of the power reform. This paper describes the dynamics of Korea’s electricity reform and details the industrial restructuring during the reform. It examines the political logic of the reform and how it shaped the power industry and in turn led to a stalled agenda. The paper concludes with a discussion of the broader implications for the roles of the state, industrial policy, and state-business relations.
dc.format.extent 246877 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Issues & Studies, Vol.52, No.1, pp.1-26
dc.subject (關鍵詞) South Korea; electricity reform; state-business relations; privatization; state-owned enterprises
dc.title (題名) The Political Economy of Restructuring the Electricity Sector in South Korea
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1142/S1013251116500041
dc.doi.uri (DOI) http://dx.doi.org/10.1142/S1013251116500041