Financial Liberalization and Regulatory Changes in Korea

1. Introduction 2. Proliferation of NBFIs: A Precursor to the 1997 Financial Crisis 3. Role of NBFIs in the 1997 Financial Crisis 4. Financial Supervision: Before and After the Crisis 4.1 Credit Card Crisis: Haphazard Deregulation and Weak Financial Supervision 4.2 Mutual Savings Bank Crisis in 2011: A Replay of Previous Crises 5. Financial Development and Inadequate Financial Supervision