The agonies of austerity

Kattoulas, Velisarios
June 1998
Newsweek (Atlantic Edition);06/08/98 (Atlantic Edition), Vol. 131 Issue 23, p21
Looks at South Korean worker response to unemployment and the austerity measures necessitated by the economic assistance agreement with the International Monetary Fund. Support for a Seoul strike called by union leaders; Hopes attendant on President Kim Dae Jung's June 1998 visit to United States President Bill Clinton; Social pressures caused by high unemployment.


Related Articles

  • The whole picture? Richardson, John // Asian Chemical News;9/8/2003, Vol. 9 Issue 415, p12 

    Examines the threat posed by labor unrest to the economy of South Korea in the second quarter of 2003. Concerns raised by the resolution of the strike at Hyundai Motor; Labor policy of the government; Implications of the high monthly wage of South Korea.

  • Economic Growth: Consumer Demand - Outlook.  // South Korea Country Monitor;Nov2011, p6 

    The article presents an outlook for the consumer demand in South Korea which includes the strengthening of consumer spending, decline in unemployment rate, and rise in incomes for factory workers if exports and capital expenditures continue to rise.

  • Labor Markets: Outlook.  // South Korea Country Monitor;Nov2011, p8 

    The article presents outlook for the labor markets in South Korea which includes the expected near-term stability in the labor market in the country, the anticipated rising unemployment due to rising labor productivity, and stability of real wages in the near term of 2011.

  • Workers idled by work stoppages at historic low.  // Compensation & Working Conditions;Mar2003, pN.PAG 

    Focuses on the condition of idled workers due to work stoppages in the U.S. in 2002. Number of workers idled by major work stoppages from 1992 to 2002; Brief information on some work stoppages in the country.

  • Korea at the crossroads. Coventry, Nigel // Chartered Accountants Journal;Nov97, Vol. 76 Issue 10, p57 

    Focuses on the economic condition of South Korea. International relations of the country; Expansion of tourism; Investment in New Zealand by Korean companies; Increase in investment and trade links; Political conditions; Decrease in economic growth rate; Dependency in exporting for economic...

  • Good news for Asia, bad news for treasuries. Nicholson, Jonathan // Bond Buyer;12/16/97, Vol. 322 Issue 30293, p2 

    Reports that the yield on the benchmark 30-year bond of the South Korean financial front, stayed below six percent, at 5.97 percent. What the slow trading could have been attributed to; Information on the bond price and the yield on the five-year note; Comments from John Park, economist with...

  • South Korea's economy grows by almost 10 per cent.  // Asian Business Review;Jul95, p16 

    Reports on the 9.9% growth in South Korea's economy during the first three months of 1995.

  • The region: South Korea. Balch, Roger // Asian Business Review;Apr96, p10 

    Presents economic news items in South Korea for April 1996. Includes the 53% rise in corporate profits; Limitation on foreign stock ownership; LG Electronics' plan to assemble televisions in North Korea.

  • A Nested Game Approach to Political and Economic Liberalization in Democratizing States: The Case of South Korea. Jesse, N.G.; Heo, U.; Derouen Jr., K. // International Studies Quarterly;Sep2002, Vol. 46 Issue 3, p401 

    South Korea enjoyed high rates of economic growth until the mid–1990s. However in mid–1997 the country went into a severe economic crisis which ultimately resulted in a request for an IMF bailout. Leading up to the crisis, the government had embarked upon democratic liberalization...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics