Korea stock exchange suspends nine merchant banks. Korean finance minister says the IMF package may not be big enough or come fast enough. Leading presidential candidate also says he may not support the package. Korean presidential candidates agree to support the IMF package. Korean won soars 10 percent.
Government drops trading limits on won.
It surges 8 percent. Opposition leader Kim Dae Jung elected president on reform platform. Korean stocks drops 5 percent on concerns about hardships posed by the IMF reform package.