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Gold-collecting Campaign
In South Korea, the gold-collecting campaign was a national sacrificial movement in early 1998 to repay its debt to the International Monetary Fund. At the time, South Korea had about $304 billion in foreign-exchange debt. The campaign, involving about 3.51 million people nationwide, collected about 227 tons of gold worth about $2.13 billion. Background On July 2, 1997, Thailand changed its 13-year-old fixed exchange-rate system. As the exchange rate changed, the price of Thai baht in the foreign-exchange market fell. This was a cause of the East Asian financial crisis. On May 21 of that year, the IMF was asked to provide liquidity-adjustment funds. At the time, the real cause of the foreign-exchange-liquidity problem was controversial. The domestic foreign-exchange market lacked dollars, the South Korean won exchange rate increased, and some financial institutions were unable to repay their foreign debts. Foreign borrowing by financial institutions was blocked, making it diffic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan. South Korea claims to be the sole legitimate government of the entire peninsula and List of islands of South Korea, adjacent islands. It has a Demographics of South Korea, population of 51.75 million, of which roughly half live in the Seoul Capital Area, the List of metropolitan areas by population, fourth most populous metropolitan area in the world. Other major cities include Incheon, Busan, and Daegu. The Korean Peninsula was inhabited as early as the Lower Paleolithic period. Its Gojoseon, first kingdom was noted in Chinese records in the early 7th century BCE. Following the unification of the Three Kingdoms of Korea into Unified Silla, Silla and Balhae in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Korea
The Bank of Korea (BOK; ) is the central bank of the Republic of Korea and issuer of Korean Republic won. It was established on 12 June 1950 in Seoul, South Korea. The bank's primary purpose is price stability. For that, the bank targets inflation. The 2016–18 target is consumer price inflation of 2.0%. History 1945-1970 The Bank of Korea was established on June 12, 1950 under the Bank of Korea Act. Following liberation on August 15, 1945, the Korean economy was plunged into turmoil. Tackling the severe inflation and financial disorder brought about by an acute shortage of resources and the division of the country along the 38th parallel was the immediate priority. In this situation, discussions raged across the country on establishing a central bank for the Republic of Korea and Dr. A.I. Bloomfield, dispatched from the Federal Reserve Bank of New York, drafted the Bank of Korea Act. Based on this draft, the Bank of Korea Act was passed in May 1950 and the bank launched it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Park Chung-hee
Park Chung-hee (, ; 14 November 1917 – 26 October 1979) was a South Korean politician and army general who served as the dictator of South Korea from 1961 until his assassination in 1979; ruling as an unelected military strongman from 1961 to 1963, then as the third President of South Korea from 1963 to 1979. Before his presidency, he was the second-highest ranking officer in the South Korean army and came to power after leading a military coup in 1961, which brought an end to the interim government of the Second Republic. After serving for two years as chairman of the military junta, he was elected president in 1963, ushering in the Third Republic. During his rule, Park began a series of economic reforms that eventually led to rapid economic growth and industrialization, now known as the Miracle on the Han River, giving South Korea one of the fastest growing national economies during the 1960s and 1970s, albeit with costs to economic inequality and labor rights. This e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chaebol
A chaebol (, ; ) is a large industrial South Korean conglomerate run and controlled by an individual or family. A chaebol often consists of multiple diversified affiliates, controlled by a person or group whose power over the group often exceeds legal authority. Several dozen large South Korean family-controlled corporate groups fall under this definition. The term first appeared in English text in 1972. Chaebols have also played a significant role in South Korean politics. In 1988, a member of a chaebol family, Chung Mong-joon, president of Hyundai Heavy Industries, successfully ran for the National Assembly of South Korea. Other business leaders were also chosen to be members of the National Assembly through proportional representation. Hyundai has made efforts in the thawing of North Korean relations, despite some controversy. Many South Korean family-run chaebols have been criticized for low dividend payouts and other governance practices that favor controlling shareho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Collective Memory
Collective memory refers to the shared pool of memories, knowledge and information of a social group that is significantly associated with the group's identity. The English phrase "collective memory" and the equivalent French phrase "la mémoire collective" appeared in the second half of the nineteenth century. The philosopher and sociologist Maurice Halbwachs analyzed and advanced the concept of the collective memory in the book ''Les cadres sociaux de la mémoire'' (1925). Collective memory can be constructed, shared, and passed on by large and small social groups. Examples of these groups can include nations, generations, communities, among others. Collective memory has been a topic of interest and research across a number of disciplines, including psychology, sociology, history, philosophy, and anthropology. Conceptualization of collective memory Attributes of collective memory Collective memory has been conceptualized in several ways and proposed to have certain attribute ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Korea Development Institute
The Korea Development Institute (KDI) is a Korean government agency established in 1971 to conduct policy research. KDI has conducted research on a broad range of economic and social issues, including macroeconomics policy, fiscal policy, and labor. Timeline * 31 December 1970: Promulgation of Act establishing KDI (Law No.2247) * 11 March 1971: Establishment of KDI * 1982: Installation and operation of the International Development Exchange Program (IDEP) * 6 May 1982: Opening of the Korea Economic Institute (KEI) Washington D.C. Office in US * 15 November 1990: Launching of the North Korean Economic Research Center * 27 December 1991: Establishment of the Center for Economic Information * 9 March 1994: Launching of the Center for Legal and Economic Research * 5 December 1995: Act on KDI amended establishing KDI Graduate School (No.5047) * 5 December 1997: Opening of the KDI School of International Studies * 18 September 1998: 'Center for Economic Education', changed to 'Center ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LG Corporation
LG Corporation (or LG Group) (), formerly Lucky-Goldstar from 1983 to 1995 (Korean: ''Leokki Geumseong''; ), is a South Korean multinational conglomerate founded by Koo In-hwoi and managed by successive generations of his family. It is the fourth-largest chaebol in South Korea. Its headquarters are in the LG Twin Towers building in Yeouido-dong, Yeongdeungpo District, Seoul. LG makes electronics, chemicals, and telecommunications products and operates subsidiaries such as LG Electronics, Zenith, LG Display, LG Uplus, LG Innotek, LG Chem, and LG Energy Solution in over 80 countries. History LG Corporation was established as Lak Hui Chemical Industrial Corp. in 1947 by Koo In-hwoi. In 1952, Lak Hui (락희) (pronounced "Lucky"; now LG Chem) became the first South Korean company to enter the plastics industry. As the company expanded its plastics business, it established GoldStar Co. Ltd. (now LG Electronics Inc.) in 1958. Both companies Lucky and GoldStar merged to f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SBS Broadcasting Group
SBS Broadcasting Group (SBS), formerly Scandinavian Broadcasting Systems, was a European multinational media group, operating commercial television, premium pay channels, radio stations and related print businesses in Northern, Western and Central and Eastern Europe. It became the second-largest broadcaster in Europe. History SBS was founded by Harry E. Sloan in 1989, who bought a stake in the Danish station Kanal 2 (a local station in Copenhagen, now Kanal 4) and Norwegian TVNorge. In 1991, Sloan bought the Swedish Nordic Channel, which was soon renamed Kanal 5 and became the third largest commercial broadcaster in the country. The company was originally known as "TV1", but was renamed "Scandinavian Broadcasting Systems" in 1991. After expanding into Benelux and Eastern Europe, the name was changed again, this time to SBS. By July 1994, the time of the CC/ABC-Disney merger, Capital Cities/ABC owned 23% of SBS. In March 2005, SBS acquired C More Entertainment, a Nordic pay tv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lee Kun-hee
Lee Kun-hee (, ; 9 January 194225 October 2020) was a South Korean business magnate who served as the chairman of Samsung Group from 1987 to 2008 and from 2010 to 2020, and is credited with the transformation of Samsung to one of the world's largest business entities that engages in semiconductors, smartphones, electronics, shipbuilding, construction, and other businesses. Since Lee Kun-hee became the chairman of Samsung, the company became the world's largest manufacturer of smartphones, memory chips, and appliances. He was also a member of the International Olympic Committee. He was the third son of Samsung founder Lee Byung-chul. With an estimated net worth of US$21 billion at the time of his death, he was the richest person in South Korea, a position that he had held since 2007. He was convicted twice, once in 1996 and subsequently in 2008, for corruption and tax evasion charges, but was pardoned on both instances. In 2014, Lee was named the world's 35th most powerful person ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lee Jong-beom
Lee Jong-beom ( ko, 이종범, Hanja: 李鍾範; born August 15, 1970) is a former South Korean professional baseball player who played for the Kia Tigers (formerly the Haitai Tigers) in the KBO League and the Chunichi Dragons in Japan from 1993 to 2011. He is nicknamed "Son of the Wind" (바람의 아들) for his speed. (He was also known as "Baseball Genius" and the "Korean Ichiro Suzuki, Ichiro".) Lee is widely considered one of the best five-tool players in Korean baseball history, and the best all-around KBO player of the 1990s. Lee was the 1994 KBO League Most Valuable Player Award, KBO League MVP, a 13-time KBO All Star, and a six-time winner of the KBO League Golden Glove Award. He holds the single-season stolen base record in the KBO, with 84, and once hit .393 in a season, second-best all-time. Lee also won the Korean Series Most Valuable Player Award twice (his Tigers won four Korean Series championships). Lee's number 7 was retired by the Kia Tigers in 2012. He sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daewoo
Daewoo ( ; Hangul: , Hanja: , ; literally "great universe" and a portmanteau of "dae" meaning great, and the given name of founder and chairman Kim Woo-choong) also known as the Daewoo Group, was a major South Korean chaebol (type of conglomerate) and automobile manufacturer. It was founded on 22 March 1967 as Daewoo Industrial and was declared bankrupt on 1 November 1999, with debts of about US$50 billion (equivalent to $ billion in ). Prior to the 1997 Asian financial crisis, Daewoo was the second largest conglomerate in South Korea after the Hyundai Group. There were about 20 divisions under the Daewoo Group, some of which survived as independent companies. History Beginning and development The Daewoo Group was founded by Kim Woo-choong in March 1967. He was the son of the Provincial Governor of Daegu. He graduated from the Kyonggi High School, then finished with an Economics Degree at Yonsei University in Seoul. During the 1960s, after the end of the Syngman Rhee g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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