Korean Financial Crisis (1)

At 1996, Korea has extreme financial crisis from their national debt. Previous President Young Sam Kim has almost final time to work as the President at that time. Korean financial crisis were already shown to our sight immediately. In other words, we could expect that crisis would come soon. First of all, Korea has not much power to dig suitable information from World Trade situation. It make Korea economics become to get a situation like bankrupt. Second reason, that is from lack of communication with other countries especially well-done developed countries such as Japan, France, Germany, and the United States etc. Therefore, Korean government could not prevent Korean Financial Crisis before crisis occurred.
Frankly speaking, It was okay at first time of Korean Financial Crisis. We could not feel seriously at that time. However, wealth of Korean currency has been going down too much. So, import planning has been canceled a lot because it means that Korean companies imports products from foreign countries with higher valued money. In addition to, petroleum prices from Middle Asian Countries gave me extreme damages to us. Finally, Korean government called International Monetary Fund to support to Korean government gets additional U.S Dollars. Korean government has already not anymore official U.S Dollars to handle their financial situation. Therefore, we called the Mr. Candsh who was French person as Vice President of International Monetary Fund. We have signed with International Monetary Fund.
We called Age of IMF after Korean government lend money 6 billions U.S Dollars from International Monetary Fund. Next continuous of cruel financial crisis and sorrows, I will mention on next week. I cannot write this kind of topic without tears. It gave me and others who are Koreans have huge sorrow and crisis of life.

P.S., Totally these contents would divided by three parts including make-up week.