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Restructuring of the domestic banking system around two core pillar banks is underway but the domestic banking system is still too large. Must be able to work with clients and others to maintain and update mapping data. In 1997, as Korea implemented the WTO GPA, the government opened part of its procurement market to international competition, but the relatively large number of exceptions to the coverage of the GPA, preferential conditions for domestic SMEs as well as the large share of contracts awarded by single tendering have given rise to claims by Korea’s trading partners that the Korean government procurement market remains relatively closed to international competition.
Publisher: Brookings Institution Press; Reprint edition (September 25, 2013)
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