The 1997-98 Korean Financial Crisis:
Causes, Policy Response, and Lessons
Presentation
by
Kim Kihwan
♣
at
The High-Level Seminar on Crisis Prevention in Emerging Markets
Organized
by
The International Monetary Fund
and
The Government of Singapore
Singapore
July 10-11, 2006
♣
The author is Chair of the Seoul Finance Forum, International Advisor to Goldman
Sachs and Chair of the Korea National Committee for the Pacific Economic Cooperation
Council (PECC). The author wishes to gratefully acknowledge the most generous and
invaluable research assistance he received in preparing this presentation from Mr.
Junghan Koo, Ph.D., Research Fellow at Korea Institute of Finance, Seoul. The author is,
however, responsible for any errors.