Managing Economic Policy and Coordination: A Saga of the Economic Planning Board

Part of the The Political Economy of the Asia Pacific book series (PEAP, volume 13)


It is hard to imagine the successful economic development of South Korea without the Economic Planning Board (EPB). Created in 1961 when Korea embarked on its long-term economic development planning, the EPB, which occupied the center of the country’s economic policymaking and coordination structure, was in existence for 33 years before being suddenly dissolved in 1994. Korea’s economic policymaking and coordination structure and process have since drifted. With all the intermittent attempts to revive it in one form or another, the problem of ineffective and inefficient coordination of economic policy has surfaced time and again. This chapter seeks to unfold the saga of the EPB with a view to drawing out implications for developing countries that are struggling to build up organizational capacities to handle a diverse set of developmental tasks and problems.


Economic Policy Industrial Policy Policy Competition Military Coup Economic Ministry 
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Copyright information

© Springer International Publishing Switzerland 2014

Authors and Affiliations

  1. 1.Graduate School of Public AdministrationSeoul National UniversitySeoulRepublic of Korea

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