Department of Economics

Hwanhee Bae

Key information

Department of Economics PhD Student in Economics GTA Microeconomic Analysis
BSc (Pusan National University), MSc (SOAS, University of London)
Email address
Thesis title
Political Economy of Financialisation in South Korea: Shifting Patterns of Working-Class Engagement in Finance and Class Reproduction.
Internal Supervisors
Professor Costas Lapavitsas


I aim to incorporate insights I gained from my multidisciplinary background (Business Administration and International Studies in BSc / Development Studies in MSc), into the analysis of political economy of Korea’s financialisation.

My research employs mixed methods, combining quantitative and qualitative data. The quantitative data provides an overview of the country’s financial system and the supply-side of the financial market. The qualitative data collected from interviewing households helps to unpack the motive and decision-making processes of the working-class engagement in finance.

It aims to fill the gap within the literature of financialisation by focusing on the micro-level impact of financialisation on the working class and its ramifications on class struggle. It will also shed light on the consequences of state-led capitalist development by examining post-industrialisation Korea.

Research interests

  • Financialisation
  • Household Finance
  • Pension Systems
  • Mortgage
  • Insurance
  • Inequality
  • Class Consciousness
  • Class Reproduction

Contact Hwanhee