IMF Forces Massive Corporate Restructuring in South Korea
The International Monetary Fund implements a 7 billion bailout package for South Korea, mandating sweeping economic reforms. This included forced corporate restructuring of the chaebol system, financial sector liberalization, and opening markets to foreign investors. The conditions resulted in …
International Monetary Fund
South Korean Government
Chaebol Corporations
World Bank
Asian Development Bank
imf
structural-adjustment
economic-shock-therapy
asian-financial-crisis
south-korea
+2 more
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