The Revelation For China Reform In State-owned Enterprise From Privatization In Publicly-owned Enterprise In Korea

Whole world all are involved in a trend of Privatization from the end of the eighties and the trend still remains when it entered the nineties. Korea government had carried out privatization in publicly-owned enterprise in 1968(the first), 1980(the second), 1987(the third), 1993(the fourth) before the Financial-Crisis and little effect can be seen for some reason. The Privatization in publicly-owned enterprise had become reform core in public departments after Financial-Crisis. The Privatization Policy has be pursued with strenuous efforts in the early days of the Kim Dae-jung administration and had effect to a certain extent.Building modern business system is aim of China reform in state-owned enterprise now. In this process, state-owned enterprise are facing a series problem including reform of property-right which involves matters of privatization in small and average state-owned enterprise and diversification in main state-owned enterprise and management system. So we should use the experience of Korea for reference to rational contract operation in state-owned economy and to strategic readjust from classing state-owned enterprise.Our government carry out reform of property-right meanwhile use the experience of Korea for reference to reform run system establish un-permanent member system of a council, tighten supervisor in state-owned enterprise; to make scientific and impartial system for selection and appraisal of enterprise management; to increase operative transparence in state-owned enterprise; to careful and skilful handle re-employment problem which happen in reform.