Governance Innovation of Quasi-Governmental Organizations: A Case Study of South Korea

Abstract

This paper has several critical questions for quasi-governmental organizations. How well are quasi-governmental organizations monitored by the relevant oversight system? Do quasi-governmental organizations have good governance? How might quasi-governmental organizations be made to perform as well as intended? How might the public or national interest be protected against the interest of private parties? These are the central questions of this paper. Accordingly, the purpose of this paper is to review the overall status of quasigovernmental organizations in South Korea, to examine the governance challenges they face, and to find possible measures for better governance of these organizations. A review of the necessity of governance innovation in quasi-governmental organizations will be followed by a discussion of governance innovations of quasi-governmental organizations, policy implications, and conclusions.