Kim, Joon-Kyung () (Korea Development Institute and University of Hawaii at Manoa) Lee, Chung H. (European Institute of Japanese Studies)
Abstract
The paper shows that between the late 1980s and 1997, the year when Korea was engulfed in a financial crisis, its corporate-sector profitability was on a decreasing trend, albeit short-term ups and downs. The evidence presented in the paper suggests that Korea’s corporate and financial sectors had been highly vulnerable to a crisis for some years before 1997 and the actual timing of the crisis was triggered by the financial crisis in Thailand in July 1997 and its contagion effect.
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Publisher Info
Paper provided by The European Institute of Japanese Studies in its series EIJS Working Paper Series with number
122.
Length: 16 pages Date of creation: Apr 2001 Date of revision: Handle: RePEc:hhs:eijswp:0122
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