A decade later, the 2008 Crisis

Even though the Korean economy learned an expensive lesson from the experience of the 1997-1998 turmoil, it couldn't escape the 2008 financial crisis; yet the degree of effects and aftermaths of these two financial crises seemed somewhat different.

Ten years later, the Korea economy suffered, not as a result of their own market failure, but from the external market shock. Does it mean that the Korean economy could blame all the foreign capital and foreign investors?
Probably there were (or they still are now) entangling factors that keep putting it back into the danger zone.

This blog is about the Korean financial crises that occurred in 1997 and 2008. Throughout the series of posts, I will discuss the root of the problems that led to the tragic events and what such a disastrous period has brought into the Korean financial systems and banking sectors.
(Picture cited from http://www.futurekorea.org/docs/seminar/2.bmp)