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.
Subscribe to our channel
Follow us on Twitter
Find us on Facebook
Check our website: .
Images related to the topic financial crisis

South Korea marks unhappy anniversary of Asia's financial crisis
Search related to the topic South Korea marks unhappy anniversary of Asia's financial crisis
#South #Korea #marks #unhappy #anniversary #Asia39s #financial #crisis
South Korea marks unhappy anniversary of Asia's financial crisis
financial crisis
See all the latest ways to make money online: See more here
See all the latest ways to make money online: See more here
A lot of foreign-affiliated companies have already withdrawn due to communism in South Korea. Labor unions have dominated the company.
IMF are a bunch of scumbags. Nobody should ever borrow anything from them.
That is why I love South Korea and it's people…so loyal and protective! They are the epitomy of preserverance and "tigers"!
It's patriotism…
IMF (I aM Fired)
Guess I missed that story
Hanjin is going bankrupt. Lol so what has changed? Now u have a few mega-conglomerates controlling EVERYTHING.
Capitalism.
Poorman's nightmare.
Honor.
That is capitalism. Growth and recession.