In 1960, South Korea's exports were about 1 percent of GDP, and the country's ability to import depended almost … entirely on US aid. After changing its foreign exchange and trade policies in the mid-1960s, Korea saw a surge in exports to … Korea to devalue its currency and reform its foreign exchange regime. Initially, the Korean government resisted taking these …

1930s. South Korea, among the world's poorest countries in the 1960s, joined the ranks of First World economies in little …

This paper uses an asymmetric information framework to understand the causes of the recent financial crisis in Korea …

of foreign investors to supply international credits. We illustrate the relevance of this concern for South Korea during … the recent financial crisis. Using available information about Korea's reserves at the onset of the crisis, we show that …

factors to the role of capital flows in the currency crises in different countries, especially Thailand, Indonesia, and Korea …