Since 2009, electricity consumption has developed a unique seasonal pattern in South Korea. Winter loads have sharply increased, and they eventually exceeded summer peaks. This trend reversal distinguishes these load patterns from those in the USA and the EU, where annual peaks are observed...

Focusing on corporate governance and financial resource allocation mechanisms, this paper uses path dependence and comparative institutional analyses to trace the evolution of Korea’s development paradigm and to assess the extent of changes in the economy since the 1997 crisis. However, the...

Unlike the typically ahistorical arguments that try to explain the 1997 economic crisis by simply dismissing even the very existence of Koreas economic success in the past, this paper has attempted to provide an alternative explanation using the concept of path dependence within a political...

A Corporate Governance Perspective on Public Enterprises In its broad sense, corporate governance may be defined as the entire set of institutions, both inside and outside the firm, through which the objectives of the company are set and executed and the performance of the firm is monitored....