한국 금융시장의 개방과 법률적 과제 및 검토 -한미 FTA의 금융시장개방 시사점-

A look back on the history of the financial sector reforms in Korea shows that the Government’s financial reforms since the early 1990s have focused primarily on financial deregulation and financial market liberalization. Like other previous financial reforms such as the ‘Five-Year Financial Reform Plan of 1993’ and the ‘Financial Market Open Schedule under the Guidelines of the OECD of 1996,’ the recent financial sector reforms and liberalization of Korea have been similar in some parts or further progressive in large parts compared to past financial reforms. In line with Korea’s financial market liberalization, its financial policy and reforms have to be compatible with guidelines laid out by the WTO and the OECD. Recently, they are embodied more often by Korea’s FTA(Free Tree Agreement) negotiations and agreements. One of them is the FTA between the Republic of Korea and the United States of America drafted as of May 25, 2007. This article deals with a brief review of Korea’s financial market opening or liberalization on the whole and legal problems connected with Korean financial market laying stress especially on the latest negotiation of the FTA between Korea and the U.S.A. which becomes the latest important means in financial market opening under the WTO structure. Since negotiations about financial market between Korea and the U.S.A by the FTA is not limited to issues or problems only between two countries, they can become important pine nuts that can examine Korea’s general financial policy and liberalization policy. In turn, it is noted that this article grasps problems with the up-to-date tendency about Korea’s generalized policy of financial market liberalization and examines their related legal problems on the basis of the discussion contents through the FTA between Korea and the U.S.A.