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03/12/1997 South Korea strikes $55bn bailout with IMF

2:35

SOUTH KOREA: IMF OFFICIALS ARRIVE FOR FINANCIAL CRISIS TALKS

1:31

South Korea - Financial crisis

1:27

What Caused 1997 Asia's Financial Crisis?

6:33

Asian Financial crisis 1997 documentary

1:48

USA: PUBLISHER STEVE FORBES CRITICISES IMF BAIL OUT OF SOUTH KOREA

The IMF was expected to contribute $20bn to a $55bn bailout package with the balance coming mainly from Japan, the USA, and the Asian Development Bank. In return, the IMF insisted on the restructuring of South Korea's inadequate financial institutions.
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    • Essentials 

    • Credit bubbles and fixed currency exchange rates 

    • Panic among lenders and withdrawal of credit 

    • IMF role 

    • Countries affected 

    • Consequences