In: Economics
By the mid-1990s South Korea was considered one of the Asian Tigers (along with Taiwan, Hong Kong and Singapore). However, the second half of the 90s proved to be disastrous for many of the Asian economies – Asian Financial Crisis (1997-99). Choose two issues that led to Briefly discuss two issues and how they negatively impacted the South Korean economy. Additionally, briefly discuss the role the IMF had to assist the country during the Asian Financial Crisis.