South Korea’s vibrant, resilient economy has earned it a rank among the so-called Asian tigers, although its export-driven industries have created volatility for its markets and economy as it has grown to global prominence over the last 40 years.
South Korea’s status today is a far cry from where it was in the fall of 1997, when the Korea's currency — the won — sank against the dollar and the nation was at the door of the International Monetary Fund seeking a $57 billion loan.
But that financial crisis , which started in Asia but affected the global community, was a turning point. It exposed the weakness of Korea’s financial systems and corporate structures. And government officials and corporate executives quickly learned from their mistakes.
This special report on investing in South Korea will look at the nation’s economy today, and how a build-up in foreign exchange reserves, as well as a stronger financial system and fiscal spending, have left the country in better shape to withstand the current global turmoil.Page 1 of 4 | Next Page