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The Evolution of Law and Economics in Korea

  • Jeong-Yoo Kim EMAIL logo
Published/Copyright: February 5, 2025
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Abstract

Law and economics was formally introduced to South Korea in the mid-1980s. It was adopted relatively quickly compared to other Asian countries, and both research and education have been actively pursued. As a result, the Korean Law and Economics Association was founded in 2002, promoting research within the country, and many Korean scholars played a significant role in the establishment and development of the Asian Law and Economics Association, founded in 2005. The growth of the law and economics community in Korea can be attributed to the efforts of many pioneering scholars, as well as the smooth interaction between economics and law within academia and practice. To ensure the continued development of this field, it is essential to enhance understanding between economics and law and to sustain efforts to attract new scholars.


Corresponding author: Jeong-Yoo Kim, Kyung Hee University, Republic of Korea, E-mail:
This research was supported by the Ministry of Education of the Republic of Korea and the National Research Foundation of Korea (NRF-2022S1A5A2A0304932311). The earlier version of this paper was presented at the conference “The Past, Present, and Future of Law and Economics in East Asia” held on Oct. 7–8, 2024 at Law School of Cornell University. We are grateful to Professor Yun-chien Chang for organizing this conference. The draft was not possible without the help of Duol Kim.

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Published Online: 2025-02-05

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