Ghost Tower still haunts Bangkok after Asian financial crisis

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Transcript

00:00The well-known Ghost Tower in the heart of Bangkok isn't just an abandoned building.

00:04It's also a landmark that reminds us of the economic crisis that shook Thailand 20 years

00:09ago.

00:10Those who pass through Sathorn District might be familiar with the 49-story skyscraper.

00:16On one side, it gained fame as a haunted building surrounded by ghost stories that draw explorers

00:22from around the world.

00:23On the other side, it stands as an evidence of the crisis Thailand faced during the 1997

00:30Asian Financial Crisis.

00:31The tower's actual name is the Sathorn Unique, and it was originally meant to be a luxury

00:36condominium.

00:37However, the project went bust during the crisis, leaving investors unpaid and the building

00:43abandoned.

00:44During that time, Thailand saw the closure of over 50 financial institutions and mass

00:49layoffs.

00:50For some, this building serves as a haunted landmark, but for others, it's a symbol

00:55of economic failure Thailand experienced.