Korea

South Korea marks unhappy anniversary of Asia’s financial crisis

When South Korea’s economy was facing ruin two decades ago, the government was rescued by the International Monetary Fund in a multi-billion dollar bailout.

It has enjoyed an incredible recovery since then and is touted as a success story amongst Asian economies. But many South Koreans still remember giving up their gold in exchange for cash.

Al Jazeera’s Kathy Novak reports from Seoul.

Categories: Korea

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