The Evolution of Law and Economics in Korea

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.