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Lessons from SOE Management and Privatization in Korea

Park, Jin

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Abstract

This paper suggests following strategies for the success of privatization. (1) Utilize the audit office in finding inefficient management cases so that the general public understands the need of a privatization. (2) Reform the reformer first, and create a driving force that specializes in reform. (3) Set a deadline for each step towards privatization (4) If you cannot private a whole SOE, privatize function by function in each SOE. However, for a privatization to be successful, the most important factor is the political commitment.

Issue Date
2009-12
Publisher
KDI School of Public Policy and Management
Pages
25
Series Title
KDI School Working Paper 09-16
Language
ENG
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