Ⅱ. IMF
1. Concept of IMF
2. Background of Foundation
3. Role of IMF
4. Work of IMF
Ⅲ. Case Analysis (Korea and Mexico)
Ⅲ-1. Case of Korea
1. Background
2. Causes of financial crisis
3. the process of overcome
4. Influence of IMF : Negative Side
Ⅲ-2. Case of Mexico
1. Background
2. the process of overcome
3. Influence of IMF : Negative Side
Ⅳ. Adverse of IMF
1. Original Purpose of IMF
2. Adverse effect of IMF
Ⅴ. Conclusion
1. Advers of IMF
2. Solution
ⅱ) Insolvency of enterprise and bank
- Insolvency of enterprise
In 1997, average debt ratio of Korea enterprises was 333%. It was relatively higher than that of USA(159%) and Japan(206%)
It caused insolvency of the enterprises, which lead to major companies went bankrupt.
- Insolvency of bank
at that time, Many Chiefs of financial organizations was sent from above(낙하산 인사). They was only interested in exaggerating the results. In this condition, bad loan was rampant, which resulted in insolvency of banks. Eventually, Accumulation of High short-term debt (단기 차입금)and bad bank(부실 채권) depreciated credit rating of our country. And it brought about sharp payback of foreign capital.
3. the process of overcome
the process of overcome is as follow. briefly, in November 21st 1997, korea applied to the IMF for the bailout officially and repaid all bailout in August 23rd 2001 for 3 years 8month.
1997.11.14
김영삼 대통령, IMF행 결심
11.21
IMF 구제금융 신청 공식 발표
12.5
IMF, 1차 지원금 56억 달러 제공
1998.5.20
64조원 규모의 금융 구조조정 재원(1차 공적자금) 조달 방안 마련
6.18
금감위, 퇴출 대상 55개 기업 발표(5대 그룹 20개사, 6∼64대 그룹의 32개사, 비재벌 계열 3개사)
6.29
금감위, 금융기관 구조개혁 조처(동화, 동남, 대동, 경기, 충청 등 5개 시중은행 폐쇄 발표)
10.19
5대 재벌 계열 사업 구조조정 방안 발표
11.5
기아자동차, 현대에 낙찰
12.7
정부·재계, 5대 재벌 구조조정안 합의
1999.1.1
제일은행, 뉴브리지캐피털에 매각(지분 51%)하기로 합의
4.19
대우그룹 구조조정 계획 발표(대우중공업 조선 부문 매각, 김우중 회장 보유 주식 매각대금 3천억원 출연 등 구조혁신 방안)
4.21
부실 5개 생보사(동아, 태평양, 한덕, 조선, 두원) 공개 매각 절차 개시
4.23
현대그룹 구조조정 계획 발표
2001.8.23
3년8개월만에 IMF 관리 체제 졸업(IMF 구제금융 195억달러 전액 상환)

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