Korea's Closed Economy Is The Scandal
The mounting corruption scandal in Korea presents a serious challenge to the state capitalist model that was once so appealing in Asia. Coming on the heels of the scandal at Daiwa Bank Ltd. in Japan, where bureaucrats closely linked to the bank officials deliberately hid serious problems for months, the Korean bribery case highlights the problems that derive from heavy government regulation of an economy.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.