Socio-spatial dialectics of crisis formation and the 1997 crisis in Korea

► We examine the interplay between the domestic and international crisis formation. ► The 1987 Great Labor Dispute was the first critical juncture for the 1997 crisis. ► Financial deregulation in the 1990s was the second juncture for the 1997 crisis. ► Crisis formation in both finance and non-finance sectors led to the 1997 crisis.