The colonial fiscal management system imposed by the Empire - The formation of a subordinate structure for fiscal funds transferred from the Government-General of Korea to Japan during the 1910s and 1920s.

This study aimed to analyse the characteristics of colonial fiscal policy during the Japanese colonial period, with a particular focus on public debt. More specifically, it examined expenditure transferred from the Government-General of Korea’s fiscal to the Japanese government, ostensibly to repay principal and interest on public bonds issued in the 1910s and 1920s. The study reveals how the structure of repayment of colonial public debt operated in a manner subordinate to the metropole. This was a universal method of colonial governance employed by various empires in the late 19th century. The period from 1910 to the 1920s, which is the focus of this paper, was the time when this structure was formed.