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Economic Policy of the Moon Jae-in Administration in South Korea
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About this book
About this book
Moon Jae-in, who campaigned under the slogan “clearing up accumulated evils,” was elected president in the March 2017 presidential election following the impeachment and ouster of President Park Geun-hye. Against a backdrop of intensified confrontations between conservatives and progressives in South Korean politics, the election result marked the arrival of the first progressive government in nine years following the conservative Lee Myung-bak and Park Geun-hye administrations. The process leading up to the impeachment of President Park Geun-hye intensified criticisms of collusion between politicians and chaebols and of widening and lasting social and economic disparities. Progressive politicians and intellectuals therefore strongly called for changes in economic policy. Questions then arise as to what challenges the South Korean economy has faced according to progressives, what kind of policies the Moon Jae-in administration planned and tried to implement in response, and whether the administration’s policies achieved positive results. Based on these questions, this book sheds light on the background, implementation process, results, and limitations of South Korea’s economic policies during the five years of the Moon administration, focusing on areas such as labor, chaebols and large corporations, small and medium-sized companies and startups, the external economy, and social security.
Contents
Preface
Introduction: Economic Policy of the Moon Jae-in Administration
Author：Makoto Abe
Chapter 1 Labor Policy of the Moon Jae-in Administration
Author：Yuichi Takayasu
Chapter 2 The Moon Jae-in Administration’s Policy on Chaebols and Large Corporations
Author：Makoto Abe
Chapter 3 The Moon Jae-in Administration’s Policy on Small and Medium-sized Companies and Startups
Author：Hyunsung Kim
Chapter 4 South Korea’s Inward-Looking Orientation and the External Economic Policy of the Moon Jae-in Administration
Author：Satoru Okuda
Chapter 5 The Moon Jae-in Administration’s Social Security Reforms and Increased Fiscal Burdens
Author：Yuichi Watanabe
Chapter 6 Formulation and Implementation of Economic Policies and Their Shifting Emphases under the Moon Jae-in Administration
Author：Noriyo Isozaki
Preface