Financial and Corporate Restructuring in South Korea

Hiroshi Akama, Kunihisa Noro and Hiroko Tada
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Hiroshi Akama: Bank of Japan
Kunihisa Noro: Bank of Japan
Hiroko Tada: Bank of Japan

No 2003-06-20, Bank of Japan Research Papers from Bank of Japan

Abstract: In 1997, a series of bankruptcies of the chaebols destabilized the financial system and triggered a currency crisis. President Kim Dae-jung who took office in February 1998 showed his strong leadership to move forward with swift and bold structural reforms, which restored high economic growth in 1999. This paper reviews the reforms of the past five years and discusses their implications for Japan.

Date: 2003-06-20
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Persistent link: https://EconPapers.repec.org/RePEc:boj:bojron:03-e-0620

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