{"id":56292,"date":"2021-12-07T00:15:30","date_gmt":"2021-12-06T20:15:30","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=56292"},"modified":"2021-12-07T00:20:21","modified_gmt":"2021-12-06T20:20:21","slug":"shadows-of-asian-financial-crisis-in-south-korea","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/shadows-of-asian-financial-crisis-in-south-korea\/12\/07\/market-updates\/","title":{"rendered":"Shadows of Asian Financial Crisis in South Korea"},"content":{"rendered":"\n<p>South Korea is sending citizens another round of stimulus in response to the economic challenges created by the pandemic. <br><br>Finance Minister Hong Nam-ki opposed this call and suggested a smaller assistance package. Prime Minister Kim Boo-kyum backed up this position by adding that the government could not afford another round of assistance.<br><br>The latest round of universal disaster relief moved forward as late as September of this year and public assistance packages to-date have been broadly popular.<br><br>Countries with comparable debt profiles such as Indonesia, Malaysia, and South Korea experienced a sudden outflow of US dollars. Unable to finance short-term loans, several flagship companies in affected countries collapsed, with consequences reverberating up and down the value chain.<br><br>The Asian Financial Crisis still casts a heavy shadow over South Korea because it was incredibly traumatic. Unemployment during the turmoil tripled and 80 percent of households experienced loss of income.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korea is sending citizens another round of stimulus in response to the economic challenges created by the pandemic. Finance Minister Hong Nam-ki opposed this call and suggested a smaller assistance package. Prime Minister Kim Boo-kyum backed up this position by adding that the government could not afford another round of assistance.The latest round of &hellip;<\/p>\n","protected":false},"author":13,"featured_media":52018,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[8230,8108,7187],"class_list":["post-56292","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-asian-financial-crisis","tag-south-korea","tag-stimulus"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=56292"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56292\/revisions"}],"predecessor-version":[{"id":56296,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56292\/revisions\/56296"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52018"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=56292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=56292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=56292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}