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How did Korea deal with foreign currency crisis in 1997? |
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Answer» ECONOMIC CRISIS OF 1997 IN SOUTH KOREA At the END off 1997. South Korea companies were unable to pay off their loans, the stock MARKET crashed and the KOREAN currency lost half of its value. ... The crisis TOOK hold just months the country reached the $10,000 per CAPITA income level for the first. Hope it helps! |
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