South Korea has a large and well-developed financial sector, which is dominated by the country's giant conglomerates,known as chaebols. A robust and conservative regulatory framework helped maintain stability during the 2008 financial crisis,though efforts have now largely shifted to deregulation in an attempt to stimulate development and competition in the localfinancial sectors. New flexibility could encourage new foreign entrants, while also enabling domestic firms to diversify and seekprofitable opportunities overseas. Geo-political risks from North Korea and efforts to curb elevated household debt are the mainshort-term risks to further expansion in the sector.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook