- Oct 3, 2018
- 2,643
The Korean Ministry of Economy and Finance had been monitoring Asia's economic health for the past six months beginning in August of 1997. The Economic Intelligence Unit of the ROK Ministry of Economy and Finance would have dedicated one of its sections to monitor India as its debt began to climb. There was concerns if India would be able to repay its debts now at #13 billion, and with a loan existing for $10 billion, its economy situation was worrying to Korea. There was considerable uncertainty with the current communist insurgency, debt raising, and Russia scare effect, if Investors would be confident to roll-over India's debts and inject further cash. Much more worrying was if this spiraled into a pull-out from the wider Asia region.
The Minister of Economy and Finance Shin Shinyoung would schedule a call with his Indian counterpart to get an update on the situation and understand it from the Indian governments persecutive how things were unfolding. The South Korean Minister would arrive at his office, speaking with the Indo Economic Task Force and a small group of foreign affairs staff and a translator. The call would be made to the Indian Finance Minister. They would be informed it was the Korean Finance Minister on the other line as Minister Shin sat in his office surrounded by staff waiting for the call to be transferred.
Drivindeath
The Minister of Economy and Finance Shin Shinyoung would schedule a call with his Indian counterpart to get an update on the situation and understand it from the Indian governments persecutive how things were unfolding. The South Korean Minister would arrive at his office, speaking with the Indo Economic Task Force and a small group of foreign affairs staff and a translator. The call would be made to the Indian Finance Minister. They would be informed it was the Korean Finance Minister on the other line as Minister Shin sat in his office surrounded by staff waiting for the call to be transferred.
Drivindeath
