All the Steps Korea Took to Address Its Credit Crisis: Timeline

WATCH: Announcement of debt default by developer of Legoland Korea in September triggered the most severe credit market meltdown in Korea since the global financial crisis. Source: Bloomberg
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South Korea’s credit market is showing signs of stabilizing after suffering its worst rout since the global financial crisis in recent months.

But the rapid pace of deterioration in what was considered one of the safer debt markets is a reminder of the challenges that investors face worldwide as policy makers try to balance inflation control with financial stability.