South Korea was one of many Asian nations brought to their knees by the 1997 financial crisis: it faced imminent bankruptcy and was forced to accept a US$20 billion bailout from the International Monetary Fund. Default, the new film directed by Choi Kook-hee, retraces the run-up to its economic collapse from a number of different perspectives, from the government finance ministers right down to the small business owners who were worst affected.
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