Insolvency in the Corporate Sector and Financial Crisis in Korea
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.
|Date of creation:||Apr 2001|
|Contact details of provider:|| Postal: The European Institute of Japanese Studies, Stockholm School of Economics, P.O. Box 6501, 113 83 Stockholm, Sweden|
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- Chung H. Lee, Keun Lee and Kangkoo Lee, 2000.
"Chaebol, Financial Liberalization, and Economic Crisis: Transformation of Quasi-Internal Organization in Korea,"
Working Paper Series
no31, Institute of Economic Research, Seoul National University.
- Chung H Lee & Keun Lee & Kangkoo Lee, 2000. "Chaebol, Financial Liberalization, and Economic Crisis: Transformation of Quasi-Internal Organization in Korea," Working Papers 200004, University of Hawaii at Manoa, Department of Economics.
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