The world's 11th largest economy is brought to a juddering stop

For South Korea, the financial and economic crisis was singularly ill-timed. Having just made it to the first rank of industrialised countries with membership of the Organisation for Economic Co-operation and Development, the llth largest economy in the world was dealt a near knock-out blow, which required the largest-ever country rescue put together by the IMF The question is not whether South Korea will have a recession but, rather, how long will it be before the economy can come out on the other side? To an economy which as recently as 1996 was growing by more than 7% a year and managed nearly...