Selected social and economic issues concerning the financial crisis of 1997–1998 in South Korea

• Authors: Levi Nicolas
• Languages of publication: EN

Abstracts

EN

From the early 1960s until the crisis of 1997-1998, Korea’s economic growth has been the result of an accumulation of exceptional capital mainly driven by a financial system dominated by the banking sector and tightly controlled by the government. The financial crisis of 1998 reduced the pace of the growth of the South Korean economy. Nevertheless, due to its own approach, the Korean economy faced successfully with this economic challenge. Some entities also became richer due to the crisis.

Keywords

EN

bankruptcy; capital flows; capital controls; chaebol; financial crisis; South Korea

• Publisher: Wyższa Szkoła Gospodarki Euroregionalnej im. Alcide De Gasperi w Józefowie
• Journal: Journal of Modern Science
• Year: 2018
• Issue: 3(38)
• Pages: 195-207

Dates

published

2018

Contributors

author

Levi Nicolas

• University of Euroregional Economy in Jozefow, Poland

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Identifiers

ISSN

1734-2031

DOI

10.13166/JMS/99213