South Korea's IMF Crisis: Causes and Lessons

Introduction: A Turning Point in the South Korean EconomyIn late 1997, South Korea faced a significant economic crisis. Known as the ‘IMF Foreign Exchange Crisis,’ this event left a lasting impact on the nation’s economy and its people. However, this crisis was not merely an economic downturn; it became a catalyst for profound financial and corporate restructuring. In this column, we will explor..