These characteristics force producers in two important directions - towards creating some elements of monopoly attaching to their production, and to seek larger and larger markets.
The closing of the doors took place in a very low-key way: there was no formal declaration of any capital controls, but the Korean banks could obtain foreign exchange only by going to the central bank, so the central bank could strengthen the banks’ bargaining position vis-à-vis the creditors by simply not making foreign exchange available to them.