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Korea’s Economy Volume 25

8 Publications

The Wall Street Panic and the Korean Economy

There may have been no one who anticipated the bankruptcy of Lehman Brothers, once one of the top five global investment banks. The shocking news reverberated through the Korean financial markets like a thunderclap. Subsequently, not a few Koreans suffered from the “September crisis,” when foreign investors were rumored to…

Impact of U.S. Financial and Economic Distress on South Korea

Korea’s economy in 2008 was adversely impacted by high commodity prices, especially oil, and by financial and real shocks started by the collapse of housing prices in the United States and subsequent economic and financial distress that rapidly spread throughout much of the world. Commodity prices have declined, but the…