Seoul's latest default

Behind the sale of Daewoo Motor to General Motors lies a controversial government default on Daewoo debt held by investment trust companies.

Jame DiBiasio

September 28, 2001

Since the Asian crisis of 1997-98, foreign media and research analysts have spilt a great deal of ink on the subject of whether South Korea has shed its bad habits and how genuine its utterances of reform.

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Debt
North Asia

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