Consequently, the net outflow by portfolio investors was to the tune of US $ 14 billion during 2008-09 against the net inflow of about US $ 29 billion in the preceding year. Besides, access to external commercial borrowings (ECB) and trade credits was also rendered somewhat difficult.
Its strong manufacturing sector is currently attracting attention, but only about a decade ago it found itself in distress in the face of a serious currency crisis. Korea took a hard look at the causes of the crisis and reformed its economic structures to prevent such a crisis from recurring.