1997 South Korean Presidential Election
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1997 South Korean Presidential Election
Presidential elections were held in South Korea on 18 December 1997. The result was a victory for opposition candidate Kim Dae-jung, who won with 40.3 percent of the vote. When he took office in 1998, it marked the first time in Korean history that the ruling party peacefully transferred power to the opposition party. Nominations National Congress for New Politics The NCNP National Convention was held on 19 May at Olympic Gymnastics Arena. Kim Dae-jung, a former 6-term lawmaker from South Jeolla, was nominated for president, defeating Chyung Dai-chul, a former four-term lawmaker from Seoul. New Korea Party The ruling New Korea Party's presidential nominating convention took place on 21 July at Olympic Gymnastics Arena, during which former Prime Minister Lee Hoi-chang defeated former Gyeonggi governor Lee In-je after two rounds of voting and became the party's nominee. United Liberal Democrats The ULD National Convention held on 24 June at Olympic Gymnastics Arena o ...
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Kim Dae-jung
Kim Dae-jung (; ; 6 January 192418 August 2009), was a South Korea, South Korean politician and activist who served as the eighth president of South Korea from 1998 to 2003. He was a 2000 Nobel Peace Prize recipient for his work for democracy and human rights in South Korea and in East Asia in general, and for peace and reconciliation with North Korea and Japan. He is also the only Korean to have won the Nobel Prize to date. He was sometimes referred to as "the Nelson Mandela of Asia". Kim was the first opposition candidate to win the presidency. Early life Kim Dae-Jung was born on 6 January 1924, but he later edited his birth date to 3 December 1925 to avoid conscription under Korea under Japanese rule, Japanese colonial rule. Kim was the second of seven children. His father, Kim Un-sik, was a farmer. Kim was a 12th generation descendant of Kim Ik-soo (김익수;金益壽) who served as Second Minister of the Board of War (병조참판;兵曹參判) and the civil minister ( ...
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1997 Asian Financial Crisis
The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid and worries of a meltdown subsided. The crisis started in Thailand (known in Thailand as the ''Tom Yam Kung crisis''; th, วิกฤตต้มยำกุ้ง) on 2 July, with the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its currency peg to the U.S. dollar. Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt. As the crisis spread, most of Southeast Asia and later South Korea and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt. South Korea, Indonesia and Thailand were ...
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Incheon
Incheon (; ; or Inch'ŏn; literally "kind river"), formerly Jemulpo or Chemulp'o (제물포) until the period after 1910, officially the Incheon Metropolitan City (인천광역시, 仁川廣域市), is a city located in northwestern South Korea, bordering Seoul and Gyeonggi to the east. Inhabited since the Neolithic, Incheon was home to just 4,700 people when it became an international port in 1883. Today, about 3 million people live in the city, making it South Korea's third-most-populous city after Seoul and Busan. The city's growth has been assured in modern times with the development of its port due to its natural advantages as a coastal city and its proximity to the South Korean capital. It is part of the Seoul Capital Area, along with Seoul itself and Gyeonggi Province, forming the world's fourth-largest metropolitan area by population. Incheon has since led the economic development of South Korea by opening its port to the outside world, ushering in the modernization o ...
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Seoul National Capital Area
The Seoul Capital Area (SCA), Sudogwon (, ) or Gyeonggi region (), is the metropolitan area of Seoul, Incheon, and Gyeonggi Province, located in north-west South Korea. Its population of 26 million (as of 2020) is ranked as the fifth largest metropolitan area in the world. Its area is about . It forms the cultural, commercial, financial, industrial, and residential center of South Korea. The largest city is Seoul, with a population of approximately 10 million people, followed by Incheon, with 3 million inhabitants. Geography and climate The Capital Area occupies a plain in the Han River valley. It contains some of the most fertile land on the Korean peninsula, although relatively little of it is now used for agriculture. The Gimpo international airport, one of the country's larger expanses of level arable land, covers much of the area of the cities of Gimpo and Bucheon. History The Capital Area has been home to a Korean capital for around 2,000 years. Its central locatio ...
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Lee Hoi-chang (2010)
Lee Hoi-chang (; born June 2, 1935) is a South Korean politician and lawyer who served as the 26th Prime Minister of South Korea from 1993 to 1994. He was a presidential candidate in the 15th, 16th and 17th presidential elections of South Korea. Prior to his presidential campaigns, Lee served as Supreme Court Justice of the Supreme Court of Korea. Early life and education Lee was born to an elite family in Seoheung, Hwanghae (part of what is now North Korea), but grew up in the South after his father, Lee Hong-gyu, a public prosecutor, was appointed to a new post. Lee studied law at Seoul National University. Lee served as a judge from 1960 to 1980, when he became the country's youngest-ever Supreme Court Justice at the age of 46. Political career In 1988, Lee was appointed Chairman of the National Election Commission. He was chosen to head the Board of Audit and Inspection under President Kim Young-sam in 1993. Lee's anti-corruption campaigns in that office gained him the ...
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Kim Dae-jung Presidential Portrait
Kim or KIM may refer to: Names * Kim (given name) * Kim (surname) ** Kim (Korean surname) *** Kim family (other), several dynasties **** Kim family (North Korea), the rulers of North Korea since Kim Il-sung in 1948 ** Kim, Vietnamese form of Jin (Chinese surname) Languages * Kim language, a language of Chad * Kim language (Sierra Leone), a language of Sierra Leone * kim, the ISO 639 code of the Tofa language of Russia Media * ''Kim'' (album), a 2009 album by Kim Fransson * "Kim" (song), 2000 song by Eminem * "Kim", a song by Tkay Maidza, 2021 * ''Kim'' (novel), by Rudyard Kipling ** ''Kim'' (1950 film), an American adventure film based on the novel ** ''Kim'' (1984 film), a British film based on the novel * "Kim" (''M*A*S*H''), a 1973 episode of the American television show ''M*A*S*H'' * ''Kim'' (magazine), defunct Turkish women's magazine (1992–1999) Organizations * Kenya Independence Movement, a defunct political party in Kenya * Khalifa Islamiyah Mindanao, ...
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Huh Kyung-young
Huh Kyung-young (born July 13, 1947) is a South Korean politician, founder of the National Revolutionary Dividends Party (국가혁명배당금당, 國家革命配當金黨), cult leader, and singer. Early life On his official profile, Huh says he was born on January, 1st 1950 near Jungnanggyo, Seoul. His father, Huh Nam-Kwon, made his own fortunes, but was executed in 1950 for charges of being a Communist. He lost both of his parents at the age of four. Political career Huh has participated in the 1987 South Korean presidential election as a member of the New People's Party (Not to be confused with the New Democratic Party), and in the 1992 South Korean presidential elections as a presidential candidate for the Truth Peace Party., and in the 1997 South Korean presidential elections as a candidate for the self-made Republican Party, promising the revival of the Joseon dynasty and the merger of Gyeonggi province with Seoul. After his run in the 2007 South Korean presidential e ...
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Kim Han-sik
Chonghaejin Marine Company Ltd. or Cheonghaejin Marine Company Ltd. () was a South Korean shipping company that operated the ferry MV ''Sewol'', which sank en route from Incheon towards Jeju in 2014. The ''Sewol'' capsized in the Maenggol Channel carrying 476 people, mostly secondary school students from Danwon High School; 172 passengers and crew survived, while 304 were drowned or still missing. Company Chonghaejin Marine Company Ltd. was set up on 24 February 1999, and became a key entity to consolidate Yoo Byung-eun's bankrupt company Semo's shipping business, taking over ships and assets held by Semo Marine, and had Semo's debts written off. Yoo Byung-eun's two sons are controlling the shipping firm through a majority stake in the investment vehicle I-One-I Holdings as well as 13 unlisted affiliates which through a tangled web of ownership structure own each other. After ''Sewol''s sinking, the Ministry of Oceans and Fisheries cancelled Chonghaejin Marine's license to oper ...
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Shin Jeong Yil
Shin Jeong Yil (Shin Jeongyil, , 1938–1999) was the founder of Hanol-gyo (Korean spiritual foundation), a politician (the founder of Unified Korea party) and an entrepreneur(the founder of Hanon Group). Hanol-gyo Hanol-gyo was established based on Hanol principle which is the teachings on enlightenment and awakening; it pursues self-liberation of consciousness rather than the traditional ways of religious worship. According to its doctrine of Spiritual Acceptance, Hanol-gyo is open to multi-culture as it allows its participants from various cultures to practice their religion as well. It regards all enlightened beings (Dangun, Buddha, Jesus, Lao-tzu, Confucius, etc.) as teachers of enlightenment and awakening, and various religions as the pursuit of True Spirituality in different ways. Its aim is to overcome all forms of separations (e.g., religion, race, ideology and so on). The Founder's Doctrine is "''Naol'' is ''Hanol''", which means “My true spiritual nature is one wi ...
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Democratic Labor Party (South Korea)
The Democratic Labor Party () was a progressive and nationalist political party in South Korea. It was founded in January 2000, in the effort to create a political wing for the Korean Confederation of Trade Unions and was considered more left-wing and more independent of the two union federations in South Korea. Its party president was Kwon Young-gil, Kang Gi-gap, and Lee Jung-hee. In December 2011, the party merged into the Unified Progressive Party. In the South Korean political history, DLP considered as the ancestor of all of modern day left-leaning political parties such as Justice Party and Progressive Party. History The party gained 10 seats in the National Assembly for the first time in the 2004 parliamentary election, making it the first major left-wing party to enter the Assembly. Before and during the 2007 presidential election, conflicts arose between the two main factions within the party. The "equality" or the "left" faction, represented by the People's D ...
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Kwon Young-ghil
Kwon Young-ghil (; born 5 November 1941) is a South Korean politician, journalist, and trade unionist. He was a founding member of the People's Victory 21 and Democratic Labour Party. Life Kwon was born in Japan, before returning to Korea. His father Kwon Wu-hyun(권우현) was a member of left-wing nationalists movements. In Kwon's early years worked at '' Daehan Ilbo'' (대한일보, 大韓日報) and ''Seoul Shinmun'' as a journalist and newsman. From 1980 to 1987, he was a ''Seoul Shinmun'' correspondent in Paris, France. He has a Bachelor's degree in sericulture from Seoul National University (1969). Before turning to politics, he led several labour organizations including Korean Federation of Press Unions and Korean Confederation of Trade Unions. In 1996 and 1997 he was Chairman of the Korean Confederation of Trade Unions (KCTU, 전국민주노동조합총연맹; 全國民主勞動組合總聯盟). He was the President of left-wing Democratic Labour Party, and was ...
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