Why Was South Korea Severely Affected By The 1997 Crisis?

Описание: The 1997 Asian Financial Crisis sent shockwaves across the globe, but few nations felt its impact as profoundly as South Korea. This video explores the intricate web of factors that led to this vibrant economy's severe vulnerability during this turbulent period.

Discover the key reasons behind South Korea's struggle:
► Understanding the role of rapid, debt-fueled industrial expansion by major chaebols.
► The precarious reliance on short-term foreign loans and fixed exchange rates.
► How insufficient financial regulation and transparency contributed to systemic risk.
► The sudden loss of investor confidence and the subsequent capital flight.
► The IMF's intervention and the dramatic structural reforms that followed the crisis.


#SouthKoreaCrisis, #1997AsianCrisis, #FinancialHistory, #EconomicCrisis, #IMF, #AsianFinancialCrisis