997 98 News Today

A string of economic indicators in Korea this year have worsened to levels comparable to the 1997-98 Asian financial crisis and the 2008-09 global financial crisis, raising questions on whether the country is on course for another crisis after overcoming painful shocks from the two preceding ones. For instance, there was a striking sense of deja vu when some of this years financial statistics were released. Inflation hit 6.3 percent in July - the highest since November 1998 when it reached 6.8 p...