Korean Political History II: Chapter 2, Exercise 1 — Possible Solution ====================================================================== DATED BY THE SOURCE July 1997: Kia requests emergency loans. November 1997: the won is floated (no day given). 21 November 1997: IMF assistance requested. 18 December 1997: Kim Dae-jung elected. 1998: the economy contracts sharply. August 2001: IMF loans repaid ahead of schedule. NOT PRECISELY DATED Early 1997: the Hanbo scandal (only "early 1997"). The Moody's downgrade (only "within two weeks" of the float).