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Two Crises, Two Remedies & Two Consequences: Impacts on Korean Labour Market

Indian Journal of Industrial Relations

Volume 46 Issue 4

Published: 2011
Author(s) Name: Woosik Moon
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Abstract

The recent global financial crisis is similar in many respects to the one Korea experienced in 1997. Durin both the crisis, the exchange rate of Korea won vis-a-vis the US Dollar soared, the stock market prices plummeted, and the Korean economy experiened a serious drop in output and then quickly recovered. Despite such...................................(Refer to full text)

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