2017
DOI: 10.1017/jea.2016.32
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The Legacies of State Corporatism in Korea: Regulatory Capture in the Sewol Ferry Tragedy

Abstract: Regarding the causes of the Sewol ferry accident that claimed 304 lives in April 2014, some scholars have blamed neoliberal reforms such as deregulation and privatization for the safety regulatory failure. Others have highlighted the role of industry influence and corruption. Our analysis shows that regulatory capture was the crucial causal factor; moreover, this capture was institutionalized from the state-corporatist arrangements of the authoritarian period rather than reflecting new arrangements under the d… Show more

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Cited by 9 publications
(5 citation statements)
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“…Although there is little verifiable evidence of gifts and bribes in the case of Korea's maritime police (You and Park 2017, 97), there is substantial, official empirical evidence of parachute appointments for which we argue has been a critical component of the privatization calculus and process. This trend continues despite statutes in place which, in theory, should limit such employment in firms closely relevant to the former bureaucrat's area of responsibility for a period of three years following retirement.…”
Section: The Privatization Decisionmentioning
confidence: 84%
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“…Although there is little verifiable evidence of gifts and bribes in the case of Korea's maritime police (You and Park 2017, 97), there is substantial, official empirical evidence of parachute appointments for which we argue has been a critical component of the privatization calculus and process. This trend continues despite statutes in place which, in theory, should limit such employment in firms closely relevant to the former bureaucrat's area of responsibility for a period of three years following retirement.…”
Section: The Privatization Decisionmentioning
confidence: 84%
“…Our study is further unique in its arguments that emphasize the legacies of state corporatism as a cause of regulatory capture (see You and Park 2017). State corporatism, which was established in South Korea prior to its move into the democratic camp in 1987, cannot fully explain why the role of the state in sea rescue declined during the democratic period and how a specific form of privatization was selected by the government.…”
Section: Introductionmentioning
confidence: 92%
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“…Several accounts of the Sewol tragedy and its cause and political consequences are available (Suh & Kim, 2017; You & Park, 2017). Here, I draw on existing accounts to indicate how political outcomes related to the Sewol's investigation were in part a derivative of a political culture oriented toward protecting the president and intolerant of dissent and criticism.…”
Section: Two Case Vignettes From the Park And Moon Governmentmentioning
confidence: 99%