Trade and Transformation in Korea, 1876-1945. By Dennis L. McNamara. Boulder, Colorado: Westview Press, 1996. Pp. xvi, 228. $59.00, cloth. Korea was forced open to international trade by gun-boats in 1876. The only difference from other Asian countries was that the ships were not from the West, but from a neighboring Asian country, Japan. Defeating China and Russia in the scramble for Korea, Japan finally annexed Korea in 1910, and the colonial rule lasted until 1945. This book with eight chapters is about these important seven decades of imperialist modernization of Korea. Its focus is more on ideological and social than on economic transformation. Two seemingly unrelated topics constitute its main body: 1) intellectual clash between Confucian reactionaries and proponents of modernization during the treaty-port period, 1876-1910 (chapter 3 and 4) and 2) the evolution of grain dealers' guilds of Inch'on, a port city, into modern business organizations during the colonial era (chapters 5-7). The first tale about the confrontation between Confucian literati and West-oriented reformers revolves around three issues: 1) Korea's status as a tribute state in the celestial Empire versus an independent actor in wider international politics, 2) society versus "self- regulating markets," and 3) autocracy versus democracy with an "autonomous public sphere." The narrative of this debate is on the whole standard and should be familiar to Koreanists. Neither should the story sound completely exotic to non-Koreanist readers with some exposure to the history of late Ch'ing China or Meiji Restoration. The second story involving more of original research describes how traditional guilds of grain dealers in Inch'on were transformed and incorporated into a Japanese-dominated chamber of commerce and other business organizations. This is both interesting and important to the author as evidence of an autonomous public sphere in Korea, emerging in tandem with self-regulating markets. The provincial chamber of commerce announced the arrival of a civil society by leading an opposition against central government's initiative to merge the local grain exchange with the stock exchange at Seoul, the colonial capital. The author weaves these two distinct accounts into the argument that Korea underwent social as well as economic transformation during the seven decades. While by all accounts the Japanese colonialism did bring capitalism to Korea (See, for instance, the author's previous book, The Colonial Origins of Korean Enterprise, 1910-1945. Cambridge: Cambridge University Press, 1990), it strikes me as innovative to claim that the invasion sowed the seeds of a civil society as well. This original argument unfortunately seems to be supported by less than convincing evidence. The Inch'on business organizations were definitely intermediate civil associations in the formal sense of being neither the state nor the family. Their actual operations however remained "within boundaries established by the Government-General (p. 156)," a qualification hardly sitting comfortably with the description "autonomous." Challenging the central government in the transfer debate may have been an act of independence not commonly found in dynastic Korea; but at least equally significant is that the provincial resistance was quashed in 1931. More importantly, granted the opposition campaign had something to do with the sprouts of a civil society, one cannot but wonder whether they would have remained to continue to grow in post-colonial South Korea, given the commanding position of Japanese merchants presiding over subordinate Korean partners in the chamber. The incident may be telling us more about expatriate civil elements of Japan than of its colony. In short, the "public sphere" the author identifies in Inch'on seems neither very autonomous nor quite Korean. One could be so optimistic as to see a "nascent civil society (p. 165)" in the Japanese- dominated business organisations in a colonial provincial city perhaps only by taking it out of both time-series and cross-sectional context. Markets may bring civil society and democracy - most probably in the long run. In the short run, social and political development lagged hugely behind economic growth in Korea: after all, it is arguable that until the late 1980s the "public sphere" remained largely dependent and restricted. For most of 1910-93, Korea (South Korea after 1945) was under an autocratic rule of a former or an incumbent admiral or general. Trade union activities were brutally repressed. And business community with a large amount of familism (recall the current charge directed at chaebols for practicing crony capitalism) was overwhelmed by wide-ranging industrial policies, which included the subsidy to help a major colonial textile firm owned by a Korean family survive its difficult early years (See Carter Eckert. Offspring of Empire. Seattle: Washington University Press, 1991). Myung Soo Cha Yeungnam University