PART I: TRANSITION IN PERSPECTIVE 1. Perspectives, Arguments and the Structure PART II: LOCATING TWIN TRANSITIONS 2. Situating Korean Political Economy under Twin Transitions PART III: FIRST TRANSITION: AGRARIAN ARISTOCRACY AND ITS DISCONTENTS 3. Yangban-Centered Agrarian Aristocracy and its Social Discontents, 1700-1910 4. Continuation of Status quo under Colonial Economic Drain, 1910-1945 5. Occupation, War, and Land Reform: Reassertion of the 'Second State', 1945-1960 PART IV: SECOND TRANSITION: INDUSTRIAL BOURGEOIS AND ITS DISCONTENTS 6. Nurturing of National 'Industrial Bourgeois' under Authoritarian Polity, 1961-1997 PART V: TRANSFORMATION & TURNAROUND 7. Crisis, Democratic Consolidation and Civil Society Intervention 1997-2007 8. Rise of 'Developmental Liberalism' in the Era of Global Uncertainty, 2008~present 9. Korean Political Economy in Retrospect