The inefficient corporate sector was at the core of the Korean financial crisis that broke out in late 1997. This study tries to review and analyze the Korean economy's policy measures to restructure the corporate sector and ultimately restore the economy. (The rest is omitted.)

I. Introduction

II. Evolution of the Financial Crisis
(1) Overview
(2) Causes of the Financial Crisis

III. Corporate Restructuring: Debt-Resolution
(1) Overview of Restructuring Approaches
(2) Three Restructuring Approaches
(3) Establishment of Restructuring Intermediaries
(3) From Government-Initiated to Market-Driven Restructuring

IV. Corporate Restructuring: Reforming the Corporate Governance, Control and
Ownership Structure
(1) Corporate Governance Structure
(2) Corporate Control and Ownership Structure

V. Market-based Facilitating Measures for Corporate Restructuring
(1) Economic Grounds for Market-based Facilitating Measures
(2) Liberalizing the Investment Sector
(3) Liberalizing the Capital Account
(4) Liberalizing the Trade Sector

VI. Assessment of Corporate Restructuring Measures
(1) Assessment of Debt-Resolution
(2) Assessment of Restructuring Intermediaries
(3) Assessment of Corporate Governance, Control and Ownership Reforms
(4) Assessment of Market-based Facilitating Measures
(5) Empirical Analysis

VII. Conclusion
Reference