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Bad Loans to Good Friends: Money Politics and the Developmental State in South Korea

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  • Kang, David C.
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    Abstract

    Since gaining its independence in 1948, South Korea (hereinafterreferred to as Korea) has seen a seemingly endless ow of corruptionscandals bring down scores of elites. Among those who have served timein jail or been exiled are former presidents Chun Doo-hwan and RohTae-woo; members of many presidential staffs; and a slew of military ofcers, politicians, bureaucrats, bankers, businessmen, and taxcollectors. While numerous observers professed to beshocked Shocked! at the revelations, in reality such scandals are a recurrent theme inKorean political history, and the exchange of money for political inuence has been not just an open secret but common knowledge.

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    Bibliographic Info

    Article provided by Cambridge University Press in its journal International Organization.

    Volume (Year): 56 (2002)
    Issue (Month): 01 (December)
    Pages: 177-207

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    Handle: RePEc:cup:intorg:v:56:y:2002:i:01:p:177-207_44

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    Cited by:
    1. Marcus Noland, 2005. "South Korea's Experience with International Capital Flows," Working Paper Series WP05-4, Peterson Institute for International Economics.
    2. Randall Morck & Daniel Wolfenzon & Bernard Yeung, 2004. "Corporate Governance, Economic Entrenchment and Growth," NBER Working Papers 10692, National Bureau of Economic Research, Inc.
    3. Sen, Kunal, 2013. "The Political Dynamics of Economic Growth," World Development, Elsevier, vol. 47(C), pages 71-86.
    4. Wang, Yuanyuan & You, Jing, 2012. "Corruption and firm growth: Evidence from China," China Economic Review, Elsevier, vol. 23(2), pages 415-433.

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