| Headline: Still unsure about the right course to take Source: Euromoney Date: February 2001 Author: Chris Cockerill
There seems to have been a lot of negative sentiment in the market concerning the restructuring of Korea’s financial sector recently. Why? I don’t believe the international community’s perception has been negative. On the contrary, both the IMF and the OECD are applauding Korea’s restructuring and recovery process. The view is that Korea has swallowed the bitter medicine necessary to carry out a far-reaching restructuring programme. I don’t deny that the quick economic recovery has led to a sense of complacency and that during the course of restructuring labour tensions have sporadically emerged, but I want to assure people that the Korean government has a strong will and the measures to cope with these matters. | |||||||||||||||||||||||||||||||||||||||||