Tiers-Monde - Année 2006 - Volume 47 - Numéro 186 - Pages 353-376Gary A. Dymski - Korea's Post-Crisis Banking Crisis. This paper develops the argument that a foreign-bank-led wave of bank mergers and acquisitions will not yield universally higher welfare levels. Korea's banking crisis is not the result of the inefficiency or rent-seeking of its intermediaries, but of a regional structural financial crisis in East Asia after 1990. Most bank mergers and other structural changes in banking in Korea in recent years have resulted in large and risky public-sector debts, with gains taken primarily by overseas private-equity funds. Further, the impact of these structural shifts on lower-income households and small businesses may take Korea further toward a future of economic inequality and social bifurcation. 24 pages Source : Persée ; Ministère de la jeunesse, de l’éducation nationale et de la recherche, Direction de l’enseignement supérieur, Sous-direction des bibliothèques et de la documentation.