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24/12/1997 The IMF and G7 grant $10bn bailout to South Korea

2:35

SOUTH KOREA: IMF OFFICIALS ARRIVE FOR FINANCIAL CRISIS TALKS

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ASIA: US AND IMF ATTEMPTS TO STEM ASIA FINANCIAL CRISIS

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Asian Financial crisis 1997 documentary

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South Korea - Financial crisis

Because of the Asian financial crisis, South Korea received $10bn in loans from the IMF and G7 to avoid a default on its short-term loan. South Korea also agreed to open its domestic financial markets to foreign institutions.
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