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This title was first published in 2001. In 1997 the author was told, by an official at the Korean embassy in Washington DC, that the most serious economic problem facing Korea was the need for reform of the financial sector. This proved to be true, as a financial crisis hit Korea in November 1997. Though problems arising before November 1997 indicate that Korea's economic problems were not solely financial. This study covers earlier reform efforts, the 1997 crisis and the measures taken by Korea since then to deal with the country's economic problems. It attempts to analyze the problems and offer suggestions as to how problems might corrected or resolved.
List of contents
1: Introduction; 2: Current Structure and Operation of the Financial System; 3: Financial Reform Prior to the 1997 Crisis; 4: The Basic Underlying Problems of the Economy; 5: The 1997 Crisis and the Economic Reform Program; 6: Reform and Restructuring of the Financial Sector; 7: Reform and Restructuring of the Corporate Sector; 8: Overall Assessment
About the author
Robert F. Emery
Summary
This title was first published in 2001. In 1997 the author was told, by an official at the Korean embassy in Washington DC, that the most serious economic problem facing Korea was the need for reform of the financial sector. This proved to be true, as a financial crisis hit Korea in November 1997.
