Bad habits
SOUTH KOREA'S financial industry bears more than a passing similarity to a reawakening volcano. Its craters are covered with a thin crust of the government's extemporaneous repair work. Whisps of smoke from the peak signal the turmoil within. And every now and then, amid much shaking and rumbling, the entire mountain threatens to blow apart.
This article appeared in the Finance & economics section of the print edition under the headline “Bad habits”
From the September 13th 1997 edition
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