The politics and economy of South Korea have undergone turbulent change. Economic reversals have brought heavy criticism of long admired ties between Korean state and business. This volume goes further than the study of business and state on the peninsula to refine corporatist theory with a comparative study of an Asian political economy. The book employs corporatist theory to examine the Korean experience of state-business ties. It includes theoretical chapters on Asian and Korean corporatism, case studies of agriculture, industry and industrial relations and an introduction to comparative corporatism. It helps to push the study of Korean political and economic change from description on to theoretical analysis. The volume should challenge researchers and students of Asian studies, economics and politics to extend and refine their understanding of both corporatism and Korea. Moreover, this book aims to offer a guide to policymakers confounded by the curious mix of collusion and competition in Korean political economy.