Maintaining rapid economic growth depends increasingly on productivity gains, particularly in the service sector. Competition has an important role to play in achieving such gains. However, Korea’s development strategy has tended to weaken competition and has left a legacy of government intervention. Strengthening competition requires upgrading competition policy, increasing openness to international trade and foreign direct investment and improving the regulatory framework in network industries. In particular, the power of the Korea Fair Trade Commission should be expanded, while raising the level of sanctions and scaling back special treatment for certain sectors. Barriers to imports remain above the OECD average, particularly in agriculture, while the stock of inward direct investment is among the lowest in the OECD area. Restructuring plans in the network industries, notably electricity and gas, have lagged behind schedule. Price distortions and the absence of independent ...

Concurrence sur les marchés de produits et performances économiques en Corée

Le maintien d'une croissance économique rapide est de plus en plus tributaire des gains de productivité, en particulier dans le secteur des services. La concurrence a un rôle important à jouer dans la réalisation de ces gains. Néanmoins, la stratégie de développement de la Corée a eu tendance à affaiblir la concurrence et se traduit par une politique interventionniste héritée du passé. Le renforcement de la concurrence passe par une rénovation de la politique de la concurrence, une ouverture accrue aux échanges internationaux ainsi qu'à l'investissement direct étranger (IDE), et une amélioration du cadre réglementaire dans les industries de réseau. Il conviendrait de renforcer les prérogatives de la Commission coréenne de la concurrence, tout en alourdissant les sanctions prévues par la loi et en revoyant à la baisse les dispositions spéciales prévues pour certains secteurs. Les obstacles aux importations demeurent supérieurs à la moyenne de l'OCDE, notamment dans l'agriculture ...

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Paper provided by OECD Economics Department in its series OECD Economics Department Working Papers with number 399.

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Keywords: telecommunications télécommunications network industries réforme de la réglementation industrie de réseau commerce de détail trade policy politique commerciale Korea Corée regulatory reforms foreign direct investment investissement direct étranger competition law cartel retail sector droit de la concurrence entente antitrust law législation antitrust South Korean economy electricity gas tariffs chaebol économie sud-coréenne électricité gaz tarifs douaniers chaebol

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This paper has been announced in the following NEP Reports:

• NEP-ALL-2005-08-13 (All new papers)
• NEP-COM-2005-08-13 (Industrial Competition)
• NEP-INT-2005-08-13 (International Trade)
• NEP-LAW-2005-08-13 (Law & Economics)
• NEP-MIC-2005-08-13 (Microeconomics)
• NEP-NET-2005-08-13 (Network Economics)
• NEP-SEA-2005-08-13 (South East Asia)

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