Though the won-dollar exchange rate soars, it doesn’t necessarily point to a financial crisis like that in 1997 ...

In the years following the Asian financial crisis of 1997-1998, the governments of South Korea and Thailand each have sought to generate economic recovery by expanding domestic credit. The rapid ...

Of the many reasons why Asia (outside of Japan) weathered the Great Recession more ably than other parts of the world, one of the most important was the fact that the region never experienced a ...

Forbes contributors publish independent expert analyses and insights. I write about economics, markets and policymaking throughout Asia. Here in Asia, the events of 1997 are still, 26 years on, ...

The author is an editorial writer of the JoongAng Ilbo. Koreans share a collective anxiety rooted in a traumatic past: the “foreign exchange crisis.” The 1997 Asian Financial Crisis, when Korea’s ...

The blue-chip Dow briefly hit a record high on Friday, as UnitedHealth's shares jumped after Berkshire Hathaway raised its stake in the health insurer, while investors assessed mixed data to determine ...

South Korean President Lee Jae Myung said that President Donald Trump’s demands for a $350 billion investment in the U.S. could trigger a 1997-style Asian financial meltdown, without the necessary ...

NEW YORK (Reuters) - Doomsayers have long been warning of potential danger if Japan or China were ever forced to sell U.S. Treasuries. This scenario is now not such a remote possibility because ...