South Korea marks unhappy anniversary of Asia's financial crisis financial crisis

by royajade123VGUYF



When South Korea’s economy was facing ruin two decades ago, the government was rescued by the International Monetary Fund in a multi-billion dollar bailout.

It has enjoyed an incredible recovery since then and is touted as a success story amongst Asian economies. But many South Koreans still remember giving up their gold in exchange for cash.

Al Jazeera’s Kathy Novak reports from Seoul.

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South Korea marks unhappy anniversary of Asia's financial crisis

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South Korea marks unhappy anniversary of Asia's financial crisis
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10 comments

Choco pon 25/09/2021 - 11:48 Chiều

A lot of foreign-affiliated companies have already withdrawn due to communism in South Korea. Labor unions have dominated the company.

Reply
R B 25/09/2021 - 11:48 Chiều

IMF are a bunch of scumbags. Nobody should ever borrow anything from them.

Reply
langtoronto 25/09/2021 - 11:48 Chiều

That is why I love South Korea and it's people…so loyal and protective! They are the epitomy of preserverance and "tigers"!

Reply
Riz Caliao 25/09/2021 - 11:48 Chiều

It's patriotism…

Reply
권오창 25/09/2021 - 11:48 Chiều

IMF (I aM Fired)

Reply
The Real Gen X 25/09/2021 - 11:48 Chiều

Guess I missed that story

Reply
Super 25/09/2021 - 11:48 Chiều

Hanjin is going bankrupt. Lol so what has changed? Now u have a few mega-conglomerates controlling EVERYTHING.

Reply
Tainted 25/09/2021 - 11:48 Chiều

Capitalism.
Poorman's nightmare.

Reply
Phillip 25/09/2021 - 11:48 Chiều

Honor.

Reply
BEHIND THE FERN 25/09/2021 - 11:48 Chiều

That is capitalism. Growth and recession.

Reply

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