Drama,History
South Korea
Default is a South Korean drama film that was released in 2018. The film revolves around the financial crisis that Korea faced in 1997 and follows the story of Han Shi-Hyun (played by Kim Hye-soo), who is a team leader at the Bank of Korea. She is assigned to a crisis management team to deal with the impending sovereign debt crisis that the country is facing.
The film is set in the backdrop of the Asian Financial Crisis of 1997, which had a huge impact on the economies of many Asian countries, including South Korea. The crisis was caused by a combination of factors, such as excessive borrowing, inadequate banking regulations, and currency speculation. These factors led to a massive devaluation of the Korean won, resulting in a huge blow to the country's economy.
In the film, we see Han Shi-Hyun and her team struggling to come up with a solution to the crisis, amidst a political and economic environment that is fraught with tension and uncertainty. The team has to make some tough decisions, including whether or not to default on the country's debt, in order to protect Korea from further economic damage.
The film also highlights the personal struggles of some of the characters, such as the CEO of a major conglomerate, who is facing bankruptcy, and a single mother who works at a restaurant, and is struggling to make ends meet.
The film is a gripping account of a dark chapter in Korea's economic history, and it provides a fascinating insight into the workings of the country's financial system, as well as the challenges faced by its people during a time of crisis.
