Sunday, June 27, 2010

Is Korea Entering the Korean Version of Japan’s Lost Decade?

We understand how Japan has got to where they are now in terms of economic difficulties.

Japan has had a real economy to a certain extent, but that was not enough while it has helped Japan keep a pulse since they could export products into a credit boom.

Has Korea entered the Korean version of Japan’s lost decade?

If it did, when was that?

Was it during the 1997 financial crisis?

The 1997 financial crisis was a watershed in modern Korean history.

Most of all, without fundamentally overhauling the broken system, Korea has been subjected to global forces.

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