1、Sources of information include various reports of the International Monetary Fund, the1Korean Economic Institute of America, and the Economist Intelligence Unit Country Reports.Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS20041
2、February 1, 1999South Koreas Economic Prospects(name redacted)Specialist in Trade RelationsForeign Affairs and National DefenseSummaryAs South Korea has completed a full year of restructuring under an InternationalMonetary Fund (IMF) imposed program, the prospects for a sustained economicrecovery ar
3、e mixed. While the financial crisis that broke out in October 1997 has beenalleviated, the contraction of South Koreas economy intensified in 1998. A significantdrop in Gross National Product, as well as a rapid increase in unemployment, hasprecipitated Seouls most serious economic and social crisis
4、 since the end of the KoreanWar. To return the economy to a healthy growth trajectory, the government isattempting to reform the financial and corporate sectors, as well as to create moreflexibility in labor markets. Analysts now predict that the South Korean economy mightresume growth in the last q
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