Which of the following was NOT part of Korean industrial policies?
A)An aggressive promotion of exports along with high levels of protection
B)Directed credit and tax breaks given to targeted industries
C)Bailing out bankrupt firms without any attempt to dispose distressed firms
D)Allowing exporting firms to borrow funds at below-market interest rates

Question

Quizplus · Accepted Answer

Korean industrial policies did include an aggressive promotion of exports along with high levels of protection, directed credit and tax breaks given to targeted industries, and allowing exporting firms to borrow funds at below-market interest rates. However, bailing out bankrupt firms without any attempt to dispose of distressed firms was not a part of Korean industrial policies.

Which of the Following Was NOT Part of Korean Industrial