The Treuhandanstalt (THA) was established by the last government of the German Democratic Republic. Now that is has been organized as a public institution with legal capacity which is directly accountable to the Federal authority, its task is to transform the centrally managed collective combines and state-owned firms of the German Democratic Republic into private companies which are able to compete internationally. As far as the public and academia are concerned, however, the policy and financial behavior of the THA are still obscure after the start-up of the currency union. So far the THA has failed to fulfill its duty of disclosure to the intended extent. This paper tries to briefly examine the role of German Treuhandanstalt as the privatization agency, especially the integration of two different economic systems and derive implications for the coming reunification of the two countries in the Korean peninsula. It is organized as follows. In section 2, the significance of privatization of state-owned property in converting economic system is discussed. Section 3 presents the role and activities of the Treuhandanstalt in the process of German unification. In section 4 the significance of the Treuhandanstalt on the Korean unification will be derived based upon the discussions so far. The paper ends with a summary of results and implications in section 5.

序 言 第 Ⅰ 章 序 論 第 Ⅱ 章 經濟體制 轉換에 있어서 國有財産 私有化의 意義 1. 國有財産 私有化의 一般的 意義 2. 舊東獨 生産手段의 所有制度와 國有財産 私有化의 意義 3. DM表示 開始貸借對照表를 통해 본 舊東獨의 國營企業所有 財産規模 第 Ⅲ 章 獨逸統一에 있어서 信託管理公社의 役割과 意義 1. 國有財産 管理를 위한 信託管理公社의 設立 2. 信託管理公社 私有化政策의 基本方針 3. 信託管理公社 私有化政策의 段階的 變化 4. 信託管理公社의 私有化業務 進行現況 5. 信託管理公社의 業務改善 方案 6. 信託管理公社의 業務에 대한 綜合的 評價 第 Ⅳ 章 信託管理公社의 南 · 北韓 統一에 있어서의 意義 1. 北韓經濟의 特殊性 2. 國有財産의 暫定的 管理를 위한 國有財産管理廳(假稱)의 必要性 3. 舊所有權의 處理를 위한 바람직한 方針의 決定 4. 國有財産管理廳(假稱)의 바람직한 機能 5. 國有財産管理廳(假稱)의 바람직한 組織構造 6. 南 · 北韓의 여러가지 統一可能性에 비추어 본 國有財産管理廳(假稱)의 位相 第 Ⅴ 章 要約 및 政策示唆點 1. 要約 2. 政策示唆點 <參考文獻>