The purpose of this paper is to discuss the useful strategies for the internationalization of Korea's financial industry by analyzing the U.S financial market structure and regulations. Based on the U.S. experience of finance management, this paper will address four issues.

This paper is organized as follows: Section 1 reviews the classification and function of the U.S. financial market, as well as its structural characteristic. Section 2 analyzes the financial products by field and main party, such as dealer. Section 3 reviews the evolution of the U.S. financial market regulations and its content by analyzing systematically the effect of regulations. Concluding remarks and policy implications are provided in Section 4.