Although it was severely harmed by the Asian economic crisis of the late 1990s, the South Korean economy managed a rapid recovery and subsequently tripled its GDP.
Skønt den var hårdt ramt af den asiatiske økonomiske krise i slutningen af 1990'erne, lykkedes det den sydkoreanske økonomi at opnå et hurtigt opsving og efterfølgende tredoblede BNP.