Impact of recession and recovery on energy sector

摘要

South Korea has come a long way since the 1997 financial crisis marked the end of a long economic boom.Forced to call in the International Monetary Fund to help solve its massive financial problems largely through a wide-ranging corporate debt restructuring progrtamme,South Korea's economy achieved a recovery within a few years,helping restore the nation's pride once again.David Hayes looks at how the 1997 economic crisis and subsequent recovery have had important repercussions for South Korea's energy sector.