Outlook for the Korean economy

Rapid recovery from the 1997 crisis

The Korean economy was able to overcome the 1997 foreign exchange crisis within a short space of time from 1998 onwards thanks not only to the build-up of substantial foreign exchange reserves through the increase in exports, but also to a rigorous programme of restructuring of financial institutions and large companies involving a massive injection of public funds. Within one year of the currency crisis, GDP growth trended positive again and maintained a high

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: