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| A stolid South Korean pedestrian ignores a headless department store window mannequin on the run, clothes flying, alongside a poster announcing "Let Us Overcome the Financial Crisis" in Seoul 14 April 1998 as unemployment rises and store keepers latch on to the IMF as a sales gimmick. CHOO Youn-Kong |
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The country of courteous people in the East "The nation, struggling between the business showings, moral justification and capitalistic immatureness." In the winter of 1997, the Asian financial crisis, locally as the IMF crisis, exposed longstanding weaknesses in South Korea's development model, as the country achieve rapid economic growth with per capita income rising to roughly after the Korean War. Following international statistical figures, South Korea was the world's 12th largest and fastest growing economy…
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