ABSTRACT

Financial Crisis in Korea: Implications for US-Korea Relations   [open pdf - 41KB]

1998 represents the Year of the Tiger in more ways that one. South Korea, the largest of the economies hit severely by the economic crisis, is struggling to put its internal house in order and restore confidence. US political, security, and economic interests in a stable and prosperous Korea have been reaffirmed and strengthened throughout decades of a close, mutually beneficial alliance. However, the financial crisis has underscored the permeability of political, security, and economic "interests." Korean leadership is primarily responsible for managing the challenges facing its recovery, whether they are domestic, political, or sociocultural. The United States should strive to balance its approach to helping Korea, as well as other Asian countries, by matching its strong technical response to the crisis with a firm diplomatic show of confidence which demonstrates that Korea remains a vital strategic ally.

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Date:
1998-05
Copyright:
Copyright © 1998 Asia-Pacific Center for Security Studies.
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Asia-Pacific Center for Security Studies, http://www.apcss.org/Research/research_publications.html
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pdf
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application/pdf
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