Posted inAT Finance, Northeast Asia, South Korea

Amid market panic, is Korea facing 1997 redux?

With stocks plummeting at home and abroad, jitters are rising in South Korea – one of the world’s most globally-connected, trade-reliant economies – as to whether a fresh financial crisis is bearing down. In fact, compared to Korea’s worst financial nightmare – the 1997-8 crash, of which memories remain ever-fresh – things look reasonably bright. […]