Rehabilitating Korea’s corporate insolvency regime, 1992–2007

In 2005, Korea comprehensively revised insolvency laws that had been in effect since the 1960s. These far-reaching reforms brought to culmination both a domestic impetus for change that had gathered pace during the 1990s and urgent international pressures for reform in the wake of the Asian financial crisis. We employ this case to explore the interchange between the global and the local, the i ntersection between Korean trajectories and international pressures for reform.