condition before economic liberalization, the shock of IMFcrisis was not as powerful I MFcrisis teaches ... in financial need and help the government lead their country out of the economic crisis What is IMF? ... the chaebol from the government many chaebols are not prepared to overcome financialcrisis independently
It resulted in a web of financial dependencies among banks and business conglomerates, called chaebols ... Some countries, particularly Korea, will likely suffer outright recessions.Korea’s financial system collapsed ... , market liberalization, the accumulation of debt, and the ultimate collapse of the financial markes.Despite