The purpose of this study is to investigate the effects of the Japanese government support system on business restructuring. This study also aims to draw policy implications for the Korean government to keep in mind as it administers the Special Act on the Corporate Revitalization, notwithstanding the different business environments in Japan and Korea, and the differences in policy direction and legal institutional basis set by the two governments. The results of the study can be summarized as follows.

   First, the types of business reorganization measures regulated by the Japanese Industrial Competitiveness Enhancing Act are summarized by year, showing the highest utilization rate over the period of 2000 to 2005. Since 1999, Japanese companies have begun to increase the number of domestic M&A every year, indicating that the government has satisfied the 'demand' for M&A by domestic businesses.

   Second, in accordance with the Industrial Competitiveness Enhancing Act, Japanese corporations have actively utilized the special measures of the Commercial Act, tax support measures, low-interest financing by government financial institutions.

   Third, the number of business reorganizations using the Japanese Industrial Competitiveness Enhancing Act dropped to 15 or less annually from 2013, but this decline in utilization does not mean that the law itself is useless. Rather, the results suggest that the Japanese government responded timely to the demand for business restructuring by various measures.

   Fourth, in terms of legal and institutional aspects, the Japanese Industrial Competitiveness Enhancing Act can be highly evaluated in that the exceptional measures prescribed by the Act have been 'generalized' into revisions of the Commercial Act and the Corporate Law. 

   The policy implications for the Korean government, as it administers the Special Act on the Corporate Revitalization, are as follows. 

   First, the scope of the law is too narrow, as can be seen in its limited application to 'domestic companies that restructure their business to overcome oversupply.' In order to contribute to business restructuring efforts in Korea, the explicit condition of 'oversupply' should be eliminated and the scope of the law expanded to support all new business activities for the fourth industrial revolution.

   Second, it is necessary to keep in mind that the special measures within the Commercial Act and the Fair Trade Act stipulated under Korea’s Special Act on the Corporate Revitalization need to be incorporated into general provisions within the Commercial Law and Fair Trade Act if they show favorable results in terms of actual utilization by corporations.

   Third, Korea will have no choice but to operate its business restructuring support system in a way different from that of Japan due to various issues, including the succession of management rights by Chaebol owners. These special considerations reflect the unique characteristics of the governance structure of the Korean Chaebol and must be distinguished from support measures for business reorganization. 

국문요약

제1장 서 론
1. 연구 목적
2. 연구 범위 및 구성
3. 선행연구 검토

제2장 산업활력법과 산업경쟁력강화법의 제정 배경과 구성체계
1. 산업활력법
    가. 제정 배경
    나. 구성체계
2. 산업경쟁력강화법
    가. 제정 배경
    나. 구성체계

제3장 산업활력법과 사업재편
1. 산업활력법과 사업재편: 사업재편 유형 및 승인기준
    가. 사업재편 유형
    나. 사업재편 유형별 승인기준
2. 정부 지원조치
    가. 세제지원
    나. 상법·회사법 특례

제4장 산업경쟁력강화법과 사업재편
1. 산업경쟁력강화법과 사업재편: 사업재편 유형 및 승인기준
    가. 사업재편 유형
    나. 승인 요건 및 절차
2. 정부 지원조치
    가. 세제지원
    나. 금융지원
    다. 회사법 특례
    라. 민법 특례
    마. LPS법 특례
    바. 독점금지법 특례

제5장 결론
1. 일본에서의 산업활력법과 산업경쟁력강화법의 시행 성과
    가. 경제적 측면: 활용 실적
    나. 법적 측면
2. 시사점: 한국의 기업활력법 운용

참고문헌

부록

Executive Summary