An Investor’’s Guide to the Korean Capital Market

The long-closed stock market of South Korea opened its doors to foreign investors in January 1992. Due to the success of the Korean economy during the past two decades, the country provides many new and exciting opportunities for foreign investors. This is the first book published in the United States that provides a comprehensive coverage of the Korean securities market. In addition to the structure and trading system of the Korean securities market, the other topics covered range from the Korean economy to a performance analysis of the stock market during the past ten years.

The book starts with a discussion of the economic development of South Korea since 1962, which gives an overall picture of the history and current status of the Korean economy. A historical review of the Korean securities market is the next topic, followed by in-depth coverage of administration, laws and taxes, and the trading system of the Korean securities market. A financial analysis of the listed companies and descriptive comments on each industry are provided in chapters 9, 16, and 17. Some miscellaneous topics are covered in the later chapters. These topics include the over-the-counter market, securities financing, securities investment trust, and investment advisory business.

IL-WOON KIM is an Associate Professor of Accounting at the University of Akron in Ohio. He has published numerous articles about accounting and finance in both academic and professional journals in the United States, Canada, United Kingdom, Singapore, and South Korea. His research interests include capital market performance, international accounting, development of new cost-accounting models, and the comparative study of accounting and finance practices of major corporations in the United States, Japan, and Korea.

TAI-SOON YOON is the General Manager of the International Department at Daehan Investment Trust Company. His major businesses are securities investment trust savings, beneficiary certificates savings, securities investment trust savings, and underwriting and trading of securities. He has been with the company for fifteen years, and once served as manager of the New York branch office.