It has been a quarter-millennium as Republic from Korea joined the fresh OECD

This post is part of a sequence in which OECD masters and you can imagine management – from around the world as well as parts of society – target this new COVID-19 drama, sharing and you can developing selection today and for the upcoming. Seeking to foster the newest fruitful exchange of experience and you can perspectives round the areas to assist you increase compared to that crucial issue, feedback expressed don’t fundamentally show the fresh viewpoints of the OECD.

Following the Korean War out-of 1950-53, Korea remained among poorest places in the world to own over a nobody dared to visualize. For this reason, the complete nation are lush and you will pleased through to Korea’s accession to the latest OECD when you look at the 1996.

Dr

The way to joining the OECD was never ever easy, but rather very difficult. New complicated domestic political context managed to make it difficult to visited national opinion. Once i try truly involved in the accession procedure, I want to show particular anecdotes and you will thoughts into the OECD.

When you look at the last phase off discussing the new accession toward OECD, I happened to be Deputy Perfect Minister and you will Minister out of Fund, the principal cabinet minister in charge of transactions.

The biggest challenge from the dealings is actually the trouble of your capital-field liberalisation. The latest OECD demand for the fresh new downright liberalisation of financial support areas was an unsatisfactory condition to the majority of Koreans, such as for example people in the latest opposition people, exactly who feared an abrupt investment trip. (suite…)

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