Routledge Handbook of Korean Politics and Public Administration

Korean Public Finance

Liu, Cheol / Lee, Kang Koo(Author)

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This chapter provides an overview of the key characteristics of public finance in Korea, including a brief explanation of the country’s budgeting process and a fiscal condition analysis. Compared to the other OECD member countries, Korea has had a relatively healthy fiscal condition in that it has had a fiscal surplus for quite a long period of time until recently. However, it is possible that the fiscal health of Korea will deteriorate in the future. Challenges may come from multiple factors such as the aging population, sluggish economic growth, declining revenue, expenditure growth (especially social spending), and debt accumulation. All of these factors may undermine the fiscal sustainability of Korea, requiring the fiscal authorities of Korea to make preemptive efforts to overcome the possible challenges.

Issue Date
1. Introduction, Chung-in Moon and M. Jae Moon

Part 1: Korean Politics

2. Political Institutions in Korea, Yoojin Lim and Jungho Roh

3. Political Culture and Behavior, Ji-yoon Kim

4. Political Process- elections, interest group politics, and mass media, Jong-sung You

5. Political Parties, Yoonkyung Lee

6. Political leadership, Sangyoung Rhyu

7. Political Polarization- regionalism, ideology, and generational changes, Wook Kim

Part 2: Korean Foreign Policies and National Security

8. Korean Foreign Policy - A Historical Overview, Ki-jung Kim

9. Korean Foreign and National Security Policy- actors, structure, and process, Jong-Yun Bae

10. National Defense, Young-geun Kwon

11. Unification Policy, Sangkeun Lee and Chung-in Moon

12. National Intelligence, Chung-in Moon and Woong Chun

13. Managing North Korea, Yong-ho Kim

14. Managing Big Powers, John Delury

15. ROK and the Middle Power Diplomacy, Yul Sohn

Part 3: Korean Public Administration and Governance

16. Korean Civil Service Systems from Recruitment to Retirement, Sungjoo Choi

17. Public Service Motivation in Korea, Chansu Jung and Seeun Ryu

18. Performance Management in Korea, Jungwook Lee

19. Citizen Participation in Korea, Younhee Kim

20. E-government and Digital Governance, M. Jae Moon and Jooho Lee

21. Korean Public Finance, Chul Liu and Kangkoo Lee

22. Public Trust and Transparency in Korea, Kwangho Jung

23. Public Corporations and Quasi-government Organizations in Korea, Sanghee Park

Part 4: Korean Public Policies

24. Korean Economic Policies, Heonjoo Jung

25. Korean Social Welfare Policies, Jaejin Yang

26. Korean Environmental Policies, Kyungjun Yun and T.J. Lah

27. Korean Information and Communication Technology Policies, Samyoul Lee

28 Korean Science and Technology Policies, Eunjung Shin and Eric Welch

29 Korean Health Policies, Do Hyung Kim, Soojin Min and Hyoungah Kim
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