Video Duration 02 minutes 44 seconds

South Korea marks unhappy anniversary of Asia’s financial crisis

When South Korea’s economy was facing ruin two decades ago, the government was rescued by the International Monetary Fund in a multi-billion dollar bailout.

When South Korea‘s economy was facing ruin two decades ago, the government was rescued by the International Monetary Fund in a multi-billion dollar bailout.

It has enjoyed an incredible recovery since then and is touted as a success story amongst Asian economies. But many South Koreans still remember giving up their gold in exchange for cash.

Al Jazeera’s Kathy Novak reports from Seoul.