Triggering events of 1997 South Korean Financial Crisis

Mehr zum Buch

Focusing on the events surrounding the Asian Financial Crisis of 1997, this thesis examines how specific incidents triggered panic among investors in South Korea. The analysis highlights the pivotal moment in July 1997 when Kia, a major chaebol, faced economic difficulties, leading to a significant withdrawal of funds and a decline in the stock market and foreign reserves. The study also notes that previous failures of large chaebols contributed to growing investor skepticism, ultimately eroding confidence in the Korean economy.