The long-closed stock market of South Korea opened its doors to foreign investors in January 1992. Due to the success of the Korean economy during the past two decades, the country provides many new and exciting opportunities for foreign investors. This is the first book published in the United States that provides a comprehensive coverage of the Korean securities market. In addition to the structure and trading system of the Korean securities market, the other topics covered range from the Korean economy to a performance analysis of the stock market during the past ten years.The book starts with a discussion of the economic development of South Korea since 1962, which gives an overall picture of the history and current status of the Korean economy. A historical review of the Korean securities market is the next topic, followed by in-depth coverage of administration, laws and taxes, and the trading system of the Korean securities market. A financial analysis of the listed companies and descriptive comments on each industry are provided in chapters 9, 16, and 17. Some miscellaneous topics are covered in the later chapters. These topics include the over-the-counter market, securities financing, securities investment trust, and investment advisory business.

South Korea provides many new and exciting opportunities for foreign investors. This is the first book published in the U.S. that contains comprehensive coverage of the Korean securities market.

PrefaceEconomic Development of KoreaA History of the Korean Securities MarketInternationalization of the Securities MarketThe Administrative Structure and Laws of the Securities MarketSecurities TaxationNew Issues MarketListing and Disclosure RequirementsTrading SystemStock Market IndicatorsRules on the Sales and Purchases of Shares by ForeignersSecurities Companies and Korea Stock Exchange MembershipOTC MarketSecurities Investment TrustSecurities FinancingInvestment Advisory BusinessIndustry CommentsRisk and Return in Asian-Pacific Markets