South Korea was pro-American at the time, so it was not directly attacked by hedge funds. As for the reasons why South Korea was in deep financial crisis, I personally think that the following is the following: South Korea had obvious characteristics of "bureaucratic finance" at that time. In order to promote growth, the government vigorously supported

Enterprises interfere too much in the market economy. In terms of foreign trade, the U.S. market is saturated. In terms of China, because the country’s wages are 10 times that of China, it is at a disadvantage in foreign trade. The way for enterprises to withdraw funds is blocked, which in turn causes a crisis in the banking industry. The Korean won

Bearish, a large amount of Korean won was sold in exchange for US dollars, causing the Korean won to depreciate~~~ I hope you will adopt some small opinions~ Follow-up question: But why has China, the opposite of the United States, not received a direct attack?

Answer: How to say?

This crisis is characterized by a capital account crisis, a large inflow of short-term private capital and a potential current account deficit.

A crisis occurs when funds are suddenly withdrawn in large quantities.

Those economies that refused to open their capital accounts to the United States under heavy pressure were spared. China falls into this category of questioning: You really know a lot... There are a few more questions assigned by our teacher.

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What happened when China promised that the RMB would not depreciate?

Answer: Hehe, just lucky, lucky, I’m learning this, and I got to read something about this today.