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Stock Market South Korea

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BUSINESS
December 2, 1997 | DAVID HOLLEY, TIMES STAFF WRITER
As markets here continued to tumble, negotiators for South Korea and the International Monetary Fund worked overnight Monday to hammer out details of the terms for a massive financial bailout package for the country's troubled economy. The rescue plan will require Seoul to liquidate overextended financial companies, known here as merchant banks, and sharply lower its economic growth target for next year, state-owned television reported today.
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BUSINESS
December 2, 1997 | DAVID HOLLEY, TIMES STAFF WRITER
As markets here continued to tumble, negotiators for South Korea and the International Monetary Fund worked overnight Monday to hammer out details of the terms for a massive financial bailout package for the country's troubled economy. The rescue plan will require Seoul to liquidate overextended financial companies, known here as merchant banks, and sharply lower its economic growth target for next year, state-owned television reported today.
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BUSINESS
October 11, 2008 | Don Lee and John Glionna, Times Staff Writers
If there was any question about Asia's exposure to the U.S. financial contagion, this week left no doubt. Japan's stock market crashed, South Korea's currency convulsed and Singapore said it was in recession. Suddenly, Asia doesn't look to be the strong cushion that some had counted on to soften the falling global economy.
BUSINESS
May 9, 1999 | MARK MAGNIER, TIMES STAFF WRITER
In the darkest days of South Korea's recession more than a year ago, the government appealed to citizens' patriotism to donate their gold jewelry and shore up the nation's vanishing foreign reserves. Today, in a measure of how things have changed, South Koreans are showing their patriotism by pouring their money into the stock market, helping to drive it to a three-year high. South Korea's market surged last week, climbing 5.1% on Thursday alone to close at 810.
BUSINESS
November 3, 1987
The short-term effects of the stock market crash on other countries varies from profound to puny, but a sampling of world opinion reveals a like-mindedness about the causes of the crash. Most place blame first on the U.S. budget and trade deficits and an overvalued stock market and, second, on West Germany's decision to increase interest rates. A country-by-country survey follows.
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