Gukchae-bosang Memorial Park
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Gukchae-bosang Memorial Park
National Debt Redemption Movement Memorial Park (), alternatively National Debt or Gukchae Park, is a park that is located in Jung District, Daegu, South Korea. Construction of the park began in March 1998 and was completed in December 1999. It has an area of . It is named for and commemorates the 1907–1908 National Debt Repayment Movement (), an act of the Korean independence movement, when the country was indirectly ruled through the Japanese Resident-General of Korea. The movement started in Daegu. It also commemorates the 1998 gold-collecting campaign during the 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 1998–1 .... It contains walking areas, green spaces, and other amenities. There is an underground parking lot for visitors. The Dalgubeol Grand Bell ...
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Jung District, Daegu
Jung District (Jung-gu) is a ''gu'', or district, covering the downtown area of Daegu, South Korea. It borders most of the other districts of Daegu, including Nam-gu to the south, Seo-gu to the west, Buk-gu to the north, and Dong-gu and Suseong-gu to the east. The northern border is formed by the Gyeongbu Line railroad, and the eastern border by the Sincheon stream. Jung-gu is at the nexus of Daegu Subway Line 1 and Daegu Subway Line 2. Daegu Subway Line 3 will also pass through the district when it is completed. History Much of Jung-gu once lay within the old confines of Daegu Castle, which at one time comprised the entire town of Daegu. A small part of the castle wall is preserved in Dalseong Park. Many historical incidents in the history of Daegu took place in the district, including the recent Daegu subway fire and the February 28th movement calling for the end of the autocratic Rhee regime in 1960. The district was formally established in 1963, with the introd ...
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Daegu
Daegu (, , literally 'large hill', 대구광역시), formerly spelled Taegu and officially known as the Daegu Metropolitan City, is a city in South Korea. It is the third-largest urban agglomeration in South Korea after Seoul and Busan; it is the third-largest official metropolitan area in the nation with over 2.5 million residents; and the second-largest city after Busan in the Yeongnam region in southeastern Korean Peninsula. It was overtaken by Incheon in the 2000s, but still it is said to be the third city, according to the "Act on the Establishment of Daegu City and Incheon City" (Act No. 3424 and April 13, 1981). Daegu and surrounding North Gyeongsang Province are often referred to as Daegu-Gyeongbuk, with a total population over 5 million. Daegu is located in south-eastern Korea about from the seacoast, near the Geumho River and its mainstream, Nakdong River in Gyeongsang-do. The Daegu basin is the central plain of the Yeongnam List of regions of Korea, regio ...
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National Debt Repayment Movement
The National Debt Repayment Movement (The National Debt Redemption Movement) was a movement to restore national power between 1907 and 1908 to repay government bonds with public fundraising. It was started by Seo Sang-dong of Daegu on 30 January 1907. At that time the national debt was 13 million won. At the movement's height in 1908, it had amassed 190,000 won. The movement attracted national appeal, and many gave up their tobacco in order to help repay the national debt. Women, including the kisaeng Aengmu, took a leading role in raising funds. The Japanese Government expected for the movement to subside. However, the movement later attracted the interest of the Japanese forces, who regarded it as a dangerous expression of Korean nationalism and sought to stifle and discredit it. A large park in central Daegu is dedicated to the memory of the movement. Background Japan, which had deprived the Korean Empire of diplomatic power, provided an anti-compulsory loan to the Korean ...
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Korean Independence Movement
The Korean independence movement was a military and diplomatic campaign to achieve the independence of Korea from Japan. After the Japanese annexation of Korea in 1910, Korea's domestic resistance peaked in the March 1st Movement of 1919, which was crushed and sent Korean leaders to flee into China. In China, Korean independence activists built ties with the National Government of the Republic of China which supported the Provisional Government of the Republic of Korea (KPG), as a government in exile. At the same time, the Korean Liberation Army, which operated under the Chinese National Military Council and then the KPG, led attacks against Japan. After the outbreak of the Pacific War in 1941, China became one of the Allies of World War II. In the Second Sino-Japanese War, China attempted to use this influence to assert Allied recognition of the KPG. However, the United States was skeptical of Korean unity and readiness for independence, preferring an international trusteeshi ...
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Japanese Resident-General Of Korea
The Japanese resident-general of Korea ( ja, 韓国統監, Kankokutōkan; ko, 일본의 대 한국통감, Ilbon-ui dae hangugtong-gam) was the leader of Korea under Japanese rule from 1905 to 1910. This post was highly hated among native Koreans, and international opinion regarded it as nothing more than an imperial sanction to ward off the imperial interests of China, Russia, and the Western Powers (collectively: Britain, France, and the United States). List of Japanese residents-general See also * Governor-General of Korea * Governor-General of Taiwan The governor-general of Taiwan ( ja, 臺灣總督, Taiwan Sōtoku) was the head of the Government-General of Taiwan in the Japanese era (including Formosa and the Pescadores) when they were part of the Empire of Japan, from 1895 to 1945. The Jap ... References {{Japan-hist-stub ...
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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 ...
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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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Parks In Daegu
A park is an area of natural, semi-natural or planted space set aside for human enjoyment and recreation or for the protection of wildlife or natural habitats. Urban parks are green spaces set aside for recreation inside towns and cities. National parks and country parks are green spaces used for recreation in the countryside. State parks and provincial parks are administered by sub-national government states and agencies. Parks may consist of grassy areas, rocks, soil and trees, but may also contain buildings and other artifacts such as monuments, fountains or playground structures. Many parks have fields for playing sports such as baseball and football, and paved areas for games such as basketball. Many parks have trails for walking, biking and other activities. Some parks are built adjacent to bodies of water or watercourses and may comprise a beach or boat dock area. Urban parks often have benches for sitting and may contain picnic tables and barbecue grills. The largest ...
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