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Media CoverageThe media coverages are summaries of the newspaper articles of the day published about SNU

  • November 1, 2016

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Professor LEE Jae-min
Professor LEE Jae-min

[Faculty Essay] A Traumatized Nation

Many people say that Korea’s lowest point in recent history was in November 1997 when the country, reeling from the financial crisis, had to apply for special loans from the International Monetary Fund. November 2016 has now reached a new low. The 1997 financial crisis is something that can be explained in a logical way: policy misjudgment, capital flow mismatch, and slow reform in the financial market. In contrast, the recent scandal surrounding President Park Geun-hye and Choi Soon-sil has no reasonable explanation.

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