The South Korean situation also involved difficult steps, including a confrontation between the government and the largest chaebol, some of which had quite blatantly violated the law. After a series of showdowns, in which one company, Daewoo, threatened to default, and political forces rallied to its assistance, the government won; the hugely powerful Daewoo group underwent bankruptcy and restructuring.
当然，货币贬值也不是万能灵药。韩国当年的步子就迈得相当艰难，政府和大财阀之间冲突不断，有的财阀甚至公开违抗法律。在一系列争锋相对后——在此期间，大宇公司威胁要违约，各政治势力联手挽救——政府取得了胜利；炙手可热的大宇集团破产并被重组。总的来说，韩国成功地削弱了公司部门的过度权力（这给如今如何对付巨型银行提供了经验）。