National Debt Repayment Movement
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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 Won
The Korean won ( ko, 원 (圓), ) or Korean Empire won (Korean: 대한제국 원), was the official currency of the Korean Empire between 1902 and 1910. It was subdivided into 100 ''jeon'' (; ko, 전 (錢), ). Etymology Won is a cognate of the Chinese yuan and Japanese yen, which were both derived from the Spanish-American silver dollar. It is derived from the hanja (, ''won''), meaning "round", which describes the shape of the silver dollar. History The Korean won, Chinese yuan and Japanese yen were all derived from the Spanish-American silver dollar, a coin widely used for international trade between Asia and the Americas from the 16th to 19th centuries. On May 22, 1901 the Korean Empire adopted the gold standard in response to many other countries doing the same. The won was introduced in 1902, replacing the yang at a rate of 1 won = 10 yang. Units: 1 won = 100 jeon (錢), 1 jeon = 5 bun (分, "fun" ec. yesteryear spellings) of the preceding currency. Go ...
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Tobacco
Tobacco is the common name of several plants in the genus '' Nicotiana'' of the family Solanaceae, and the general term for any product prepared from the cured leaves of these plants. More than 70 species of tobacco are known, but the chief commercial crop is ''N. tabacum''. The more potent variant ''N. rustica'' is also used in some countries. Dried tobacco leaves are mainly used for smoking in cigarettes and cigars, as well as pipes and shishas. They can also be consumed as snuff, chewing tobacco, dipping tobacco, and snus. Tobacco contains the highly addictive stimulant alkaloid nicotine as well as harmala alkaloids. Tobacco use is a cause or risk factor for many deadly diseases, especially those affecting the heart, liver, and lungs, as well as many cancers. In 2008, the World Health Organization named tobacco use as the world's single greatest preventable cause of death. Etymology The English word ''tobacco'' originates from the Spanish word "tabaco ...
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Kisaeng
Kisaeng (Hangul: 기생, Hanja: 妓生, RR: ''Gisaeng''), also called ginyeo (Hangul: 기녀, Hanja: 妓女), were women from outcast or slave families who were trained to be courtesans, providing artistic entertainment and conversation to men of upper class. First appearing in Goryeo, were the government's legal entertainers, required to perform various functions for the state. Many were employed at court, but they were also spread throughout the country. They were carefully trained and frequently accomplished in the fine arts, poetry, and prose, and although they were of low social class, they were respected as educated artists. Aside from entertainment, their roles included medical care and needlework. play an important role in Korean conceptions of the traditional culture of the Joseon. Although the names of most real have been forgotten, a few are remembered for an outstanding attribute, such as skill or loyalty. The most famous of these is the 16th century Hwang Jini. ...
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Aengmu
Aengmu was the working name of a famed kisaeng of Daegu in the early 20th century. The name literally means "parrot." She was a leading donor to the National Debt Repayment Movement. Donating 100 won to the cause in 1907, she explained that it was inappropriate for her to donate more than a man; but if a man donated more, she would also donate more, even unto death. Her real name is not known; neither are her dates of birth and death. Notes * Daegu-Gyeongbuk Historical Research Society, p. 219. See also *Korean independence movements *History of Korea *List of Koreans :''This is a list of notable Koreans or notable people of Korean descent.'' In Korean names, the family name is placed first (for example, the family name of "Park Ji-Sung" is "Park"), unless the person has decided to Westernize their name. Art ... References * Kisaeng Korean philanthropists People from Daegu {{korea-bio-stub ...
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Korean Nationalism
Korean nationalism can be viewed in two different contexts. One encompasses various movements throughout history to maintain a Korean cultural identity, history, and ethnicity (or "race"). This ethnic nationalism was mainly forged in opposition to foreign incursion and rule. The second context encompasses how Korean nationalism changed after the partition in 1945. Today, the former tends to predominate. The term "pure blood" refers to the belief that Korean people are a pure race descended from a single ancestor. Invoked during the period of resistance to colonial rule, the idea gave Koreans a sense of ethnic homogeneity and national pride, and a potential catalyst for racial discrimination and prejudice. The dominant strand of nationalism in South Korea, tends to be romantic in nature (specifically ethnic or "racial"), rather than civic. This form of romantic nationalism often competes with and weakens the more formal and structured civic national identity. South Koreans' l ...
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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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History Of Korea
The Lower Paleolithic era in the Korean Peninsula and Manchuria began roughly half a million years ago. Christopher J. Norton, "The Current State of Korean Paleoanthropology", (2000), ''Journal of Human Evolution'', 38: 803–825. The earliest known Korean pottery dates to around 8000 BC, and the Neolithic period began after 6000 BC, followed by the Bronze Age by 2000 BC, Jong Chan Kim, Christopher J Bae, "Radiocarbon Dates Documenting The Neolithic-Bronze Age Transition in Korea"
, (2010), ''Radiocarbon'', 52: 2, pp. 483–492.
and the around 700 BC. Similarly, accordi ...
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Korean Independence Movements
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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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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Economic History Of Korea
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Howe ...
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