Ha, Joonkyung; Lee, Jong-Wha; Sumulong, Lea - Asian Development Bank Institute, Asian Development Bank - 2010
The current account surplus of the Republic of Korea (henceforth Korea) increased significantly in the immediate recovery period after the 1997-1998 Asian financial crisis. Since then the surplus has gradually diminished, and from 2006 to 2008, the current account was close to being balanced....