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Globalization and Financial Crises in Seoul, South Korea

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Globalization and the Margins

Part of the book series: International Political Economy Series ((IPES))

Abstract

Seoul has captured international attention with two major events. One was the 1988 Seoul Olympics, and the other was the financial crisis from November 1997 through 1998. While the Olympics served as the most favorable opportunity for Seoulers to promote their country’s phenomenal economic growth, the crisis revealed the dark side of Korea’s success story. The same high-rise office buildings that were described as the symbol of the Korean economic miracle have become emblematic of the corrupted relationship between government and businesses. Seoul, envisioning itself as an emerging world city for much of the 1990s, has lost its competitive edge by revealing structural weaknesses and practical faults in its globalization process.

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Authors
  1. Yeong-Hyun Kim
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Editor information

Editors and Affiliations

  1. Department of Geography and Regional Studies, University of Miami, USA

    Richard Grant (Associate Professor) (Associate Professor)

  2. Department of Geography and Environmental Systems, University of Maryland, Baltimore County, USA

    John Rennie Short (Professor and Chair) (Professor and Chair)

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© 2002 Palgrave Macmillan, a division of Macmillan Publishers Limited

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Kim, YH. (2002). Globalization and Financial Crises in Seoul, South Korea. In: Grant, R., Short, J.R. (eds) Globalization and the Margins. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781403918482_11

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