If the crisis is not stopped soon, the bankers may move to consolidate all the south Korean debt and make the government liable for it. It is clear that so far it is out of control. The system of capitalism and the giant financial monopolies' lust for profit is based on anarchy, with each private grouping of profiteers struggling to squeeze more and more profit out of the workers. In this crisis they are demanding that the interest payments come first and the workers come last. This kind of crisis is not limited to south Korea or southeast Asia.
Capitalism is a world system.
As such, in the long run it cannot be contained to any region.