South Korea had achieved remarkable growth during the last decades, and is quoted as an example of successful industrial policy. This paper intends to review the history of industrial policy in Korean and issues on industrial targeting. Since Korean economy enters more mature stage, new paradigm...

This paper investigates the reason why Korea's export suddenly and rapidly expanded in the early 1960s. By doing so, it hopes to throw light on the unresolved issue, whether it was market-liberalizing or interventionist policies that explain Korea's rapid growth and industrialization. Evidences...