The Economist

In late 1997, the Asian economy, including Korea, collapsed. It was the foreign exchange crisis. People in their home country will be the hardest, but the same is true for people in foreign countries. The toughest people in foreign countries are probably international students who pay tuition in their home country. Although the economy has been difficult, the won, dollar or one pound exchange rate has surged in most Asian countries. As of June 1998, it is better than when it went up, but still much higher than before. If we can easily say that the won-dollar exchange rate is going up, it means that the value of the won will be lowered. Father told a part of the novel he liked this tim...