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Economic stabilization -- Korea (South)

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View Resource Press Conference of Stanley Fischer, First Deputy Managing Director, IMF: IMF aid package to South Korea

On December 5, 1997, Stanley Fischer, First Deputy Managing Director of the IMF, gave a press conference on the IMF aid package to South Korea. The beginning of the financial crisis in South Korea can be traced to the collapse of Hanbo Steel Corp., the first in a string of large corporate failures in South Korea. This was followed by the decline in the value of the Korean won against the dollar in...

http://www.imf.org/external/np/tr/1997/tr971205.htm
View Resource IMF Approves SDR 15.5 Billion Stand-by Credit for Korea

The "IMF Approves SDR 15.5 Billion Stand-by Credit for Korea" details the aid package put together for Korea and provides a background of the events and the objectives of the aid package. The beginning of the financial crisis in South Korea can be traced to the collapse of Hanbo Steel Corp., the first in a string of large corporate failures in South Korea. This was followed by the decline in the...

http://www.imf.org/external/np/sec/pr/1997/pr9755.htm
View Resource Republic of Korea: IMF Stand-by Arrangement: Summary of the Economic Program: December 5, 1997

The beginning of the financial crisis in South Korea can be traced to the collapse of Hanbo Steel Corp., the first in a string of large corporate failures in South Korea. This was followed by the decline in the value of the Korean won against the dollar in October 1997, which persisted until November when the Central Bank of Korea stopped intervening to support the won. The continued decline in...

http://www.imf.org/external/np/oth/korea.htm