IMF원인과 극복

목차

1. Cause of IMF
2. Korea's response
3. Again IMF?

본문내용

1. Cause of IMF
South Korea's financial crisis has caused a lack of foreign currency. In the mid 1990s, South Korea was the high interest rates due to the high economic growth rate. Domestic financial institutions have borrowed foreign currency from foreign financial institutions. And they gave the foreign currency long-term loans to domestic enterprises. Domestic companies are investing heavily for growth, and bought the machine from Japan by that money. Then In 1997, Southeast Asian financial crisis was occurred, due to the Thai baht crisis.

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