Abstract:In this article we examine the politics of state-owned enterprise (SOE) reform in South Korea, specifically the privatization of Korea Electric Power Corporation. We focus on the policymaking process among government agencies and actors involved in SOE reform. The policy actors are identified, as are their preferences—efficiency versus the public good—and the strategies adopted to pursue them. The case illustrates how a particular SOE reform policy can take a long time to work through as each stakeholder attempts to pursue its preferences using various political ideologies and strategies in ever changing social, economic, and political environments. We present the lessons of the case for SOE reform.

中文翻译：

---

效率与公共利益：韩国的电力私有化

摘要：在本文中，我们考察了韩国国有企业 (SOE) 改革的政治，特别是韩国电力公司的私有化。我们关注参与国有企业改革的政府机构和参与者之间的决策过程。确定了政策参与者，以及他们的偏好——效率与公共利益——以及为实现这些偏好而采取的策略。该案例说明了特定的国有企业改革政策如何需要很长时间才能完成，因为每个利益相关者都试图在不断变化的社会、经济和政治环境中使用各种政治意识形态和策略来追求自己的偏好。我们介绍了国有企业改革案例的经验教训。