COLUMBIA JOURNAL OF ASIAN LAW

VOL. 16 SPRING 2003 NO. 2

CONTENTS

ARTICLES

LAW, CULTURE, AND THE POLITICS OF

CONFUCIANISM

THE ROLE OF SECURITIES REGULATION

IN THE DEVELOPMENT OF THE
THAI STOCK MARKET

NOTES

THE PHILIPPINES RE-ENERGIZES:
PRIVATIZATION OF THE NATIONAL
POWER CORPORATION AND THE
RED FLAG OF POLITICAL RISK

THE PROTECTIONIST BAR AGAINST FOREIGN
LAWYERS IN JAPAN, CHINA, AND KOREA:
DOMESTIC CONTROL IN THE FACE OF
INTERNATIONALIZATION

ChaiharkHahm 253

John Fagan 303

Van Mejia 355

Misasha Suzuki 385



ACKNOWLEDGMENT
The Columbia Journal of Asian Law gratefully acknowledges the

generous grant from the Parker School of Foreign and Comparative Law that
made the establishment of the Journal possible.

EDITOR'S NOTE

Published semi-annually under the auspices of the Center for Chinese
Legal Studies, the Center for Japanese Legal Studies, and the Center for Korean
Legal Studies at the Columbia University School of Law, the Columbia Journal
of Asian Law is the successor to the Journal of Chinese Law, which commenced
publication in 1987. The Columbia Journal of Asian Law provides a forum for
legal practitioners and scholars from Asia, the United States, and elsewhere to
discuss the broad range of issues that relate to law in the countries of Asia. The
Journal maintains a website, located at http://www.journalofasianlaw.com.

The Journal welcomes your financial support. Contributions can be sent
to the following address:

Columbia Journal ofAsian Law
Columbia Law School

435 West 116 h St.
New York, NY 10027

asianlaw(O1aw.columbia.edu