Text Size
Overcoming the 1997-98 crisis : Financial reform
| Title |
Overcoming the 1997-98 crisis
Similar Titles
|
|---|---|
| Sub Title | Financial reform |
| Project Category | Consulting Programs |
| Material Type | Reports |
| Author(English) |
Kang, Dong Soo |
| Publisher |
Seoul : Korea Development Institute |
| Date | 2010 |
| Project | Consulting Programs |
| Series Title; No | Knowledge Sharing Program |
| ISBN | 978-89-8063-461-3 |
| Pages | 87 |
| Subject Country | South Korea(Asia and Pacific) |
| Language | English |
| File Type | Documents |
| Original Format | |
| Subject | Economy < Financial Policy |
| Holding | Korea Development Institute |
| Recipient Country | South Korea(Asia and Pacific) |
| Supervisor | Korea Development Institute |
| Organizer | Korea Development Institute |
| Sponsor | Ministry of Strategy and Finance |
| License |  |
Abstract
In 1997, Korea was hit by an economic shock, the likes of which it has never been seen before. Initiated by a foreign currency shortage, the 1997 financial crisis swept the entire financial sector and every part of the economy. The systemic nature of the crisis demanded an all out approach in implementing reforms in many segments of society, including the financial, corporate, labor, and public sectors. The context of the financial reforms in Korea, its evolution, and its performance since then, has attracted much attention from not only advanced countries but also developing ones. Simply put, Korea has outperformed other countries also swept up by crisis around the same time. (The rest omitted)
RSS