From
A Taxi Driver (May 18th Democratic Uprising),
1987: When the Day Comes (the June Struggle) to
The Spy Gone North (the intelligence war against North Korea during the 1990s), several Korean films have explored the modern history of Korea on screen.
Default takes us back to the time of Korea’s IMF crisis in 1997. It’s exactly a week before the country falls into the state of sovereign default, and people show various responses to the huge wave of change sweeping across Korean society. Si-hyun (
KIM Hye-soo), the monetary policy manager of the Bank of Korea, tries to stem the financial crisis. A financial consultant named Jung-hak (
YOO Ah-in) senses a disaster and hopes to use the situation to his advantage by betting against the country. Unaware of the imminent future, Gap-su (
HUH Joon-ho), a small factory owner, is elated at winning a big contract. The characters getting enmeshed in the tempest of the economic crisis aptly portray the commotion across Korean society. Also noteworthy is the casting of Vincent CASSEL for the role of the IMF managing director.