A Problem of Crime Control Policy in South Korea: A Challenge of Asymmetric Information

Abstract

The asymmetric information is originally economic theory explaining why the market works imperfectly. However, asymmetric information is a common phenomenon that can be found easily in governments as well as in markets. A problem of crime control policy in South Korea stems from the asymmetric information. The problem is that the Korean National Police (KNP) have all information about crime but the KNP usually do not publicize it. As a result, the community knows little about crime activity and this imbalance of crime information has made it very difficult for the KNP and the community to work effectively to fight against crimes. Furthermore, the lack of communication has created the detrimental public relations for the KNP. For the problem of the crime control policy in Korea, increasing the channels of communication between the KNP and the public should be suggested as a remedy. However, before founding various communication channels with the public, it should be achieved as premises that the KNP firstly build more accurate crime report system and establish reliable crime statistics. The problem of asymmetric information of the KNP can only be resolved if the KNP establish the transparent crime statistics and increase communication channels to service essential crime information to the public. With this vital crime information, the community is expected to make a better decision about their safety issues. By the same token, the ameliorated public relations of the KNP are anticipated. This study is to analyze relevant information on asymmetric information and suggest recommendations for the KNP to solve this problem.