Wednesday, March 29, 2023

Korean Way ?

In late 1997, South Korea was hit by a severe financial crisis, which led to a sharp devaluation of its currency, the won, and a shortage of foreign exchange reserves. 

To address this crisis, the South Korean government sought assistance from the International Monetary Fund (IMF), which agreed to provide a $57 billion bailout package in exchange for economic reforms and structural adjustments.

As part of the IMF bailout agreement, South Korea was required to repay its foreign exchange debt, which at the time was about $304 billion. 

To raise funds for this repayment, the South Korean government launched a national sacrificial movement in early 1998 to collect gold from citizens and companies.

Under the campaign, individuals and companies were encouraged to donate their gold items, such as jewellery and coins, to the government in exchange for certificates of appreciation. 

The government promised to use the collected gold to repay the foreign exchange debt owed to the IMF.

The campaign was widely supported by the South Korean public, with many people viewing it as a patriotic duty to help the country overcome its financial crisis. 

Over a six-month period, the campaign collected a total of 227 metric tons of gold, which was valued at about $2.4 billion at the time.

The success of the gold-collecting campaign played a significant role in helping South Korea overcome its financial crisis and repay its foreign exchange debt to the IMF. 

It also helped to restore confidence in the South Korean economy, which had been severely shaken by the crisis.

In conclusion, the gold-collecting campaign launched by South Korea in the late 1990s was a national sacrificial movement aimed at raising funds to repay the country's foreign exchange debt. 

The campaign was widely supported by the public and played a crucial role in helping South Korea overcome its financial crisis and restore economic stability.

In the gold-collecting campaign that took place in South Korea in the late 1990s, participants did not receive any monetary benefits for their donations. 

Instead, they received certificates of appreciation from the government as a token of gratitude for their contribution to the country's economic recovery.

The certificates of appreciation issued to the participants were not tradable or transferable, and they did not have any cash value. 

However, they were considered a symbol of national pride and patriotism, and many participants were proud to receive them.

Despite not receiving any monetary benefits, participants in the gold-collecting campaign were motivated by a sense of duty to help their country in its time of need.

Many South Koreans saw the campaign as a way to demonstrate their commitment to the nation and contribute to its economic recovery.

In the end, the success of the campaign had benefits for all South Koreans, as it helped to stabilize the country's economy and restore confidence in its financial system. 

By repaying its foreign exchange debt to the International Monetary Fund, South Korea was able to avoid a more severe financial crisis and lay the foundation for long-term economic growth and stability.

1997 āļ…āļœāļˇාāļœāļēේāļ¯ී, āļ¯āļšුāļĢු āļšොāļģිāļēාāˇ€ āļ¯āļģුāļĢු āļ¸ූāļŊ්‍āļē āļ…āļģ්āļļුāļ¯āļēāļšāļ§ āļœොāļ¯ුāļģු āˇ€ූ āļ…āļ­āļģ, āļ‘āļē āļ‘āˇ„ි āļ¸ුāļ¯āļŊ් āļ’āļšāļšāļē, āˇ€ොāļą්, āˇƒāˇ„ āˇ€ිāļ¯ේāˇ āˇ€ිāļąිāļ¸āļē āˇƒංāļ ිāļ­ āˇ„ිāļŸāļēāļšāļ§ āļ­ුāļŠු āļ¯ුāļą් āļ­ිāļēුāļąු āļŊෙāˇƒ āļ…āˇ€āļ´්‍āļģāļ¸ාāļĢāļē āˇ€ිāļē

āļ¸ෙāļ¸ āļ…āļģ්āļļුāļ¯āļē āˇ€ිāˇƒāļŗීāļ¸ āˇƒāļŗāˇ„ා, āļ†āļģ්āļŽිāļš āļ´්‍āļģāļ­ිāˇƒංāˇƒ්āļšāļģāļĢ āˇƒāˇ„ āˇ€්‍āļēුāˇ„ාāļ­්āļ¸āļš āļœැāļŊāļ´ීāļ¸් āˇƒāļŗāˇ„ා āļŠොāļŊāļģ් āļļිāļŊිāļēāļą 57 āļš āļ‡āļ´āļ¯ීāļ¸ේ āļ´ැāļšේāļĸāļēāļš් āļŊāļļා āļ¯ීāļ¸āļ§ āļ‘āļšāļŸ āˇ€ූ āļĸාāļ­්‍āļēāļą්āļ­āļģ āļ¸ූāļŊ්‍āļē āļ…āļģāļ¸ුāļ¯āļŊෙāļą් (IMF) āļ¯āļšුāļĢු āļšොāļģිāļēාāļąු āļ†āļą්āļŠුāˇ€ āļ†āļ°ාāļģ āļ‰āļŊ්āļŊා āˇƒිāļ§ිāļēේāļē.

IMF āļ‡āļ´āļ¯ීāļ¸ේ āļœිāˇ€ිāˇƒුāļ¸ේ āļšොāļ§āˇƒāļš් āļŊෙāˇƒ, āļ¯āļšුāļĢු āļšොāļģිāļēාāˇ€ āˇƒිāļē āˇ€ිāļ¯ේāˇ āˇ€ිāļąිāļ¸āļē āļąāļē āļ†āļ´āˇƒු āļœෙāˇ€ීāļ¸āļ§ āļ…āˇ€āˇ්‍āļē āˇ€ූ āļ…āļ­āļģ, āļ’ āˇ€āļą āˇ€ිāļ§ āļ‘āļē āļŠොāļŊāļģ් āļļිāļŊිāļēāļą 304āļš් āļ´āļ¸āļĢ āˇ€ිāļē

āļ¸ෙāļ¸ āļ†āļ´āˇƒු āļœෙāˇ€ීāļ¸ āˇƒāļŗāˇ„ා āļ…āļģāļ¸ුāļ¯āļŊ් āļģැāˇƒ් āļšිāļģීāļ¸ āˇƒāļŗāˇ„ා, āļ¯āļšුāļĢු āļšොāļģිāļēාāļąු āļģāļĸāļē 1998 āļ¸ුāļŊ් āļˇාāļœāļēේāļ¯ී āļ´ුāļģāˇ€ැāˇƒිāļēāļą්āļœෙāļą් āˇƒāˇ„ āˇƒāļ¸ාāļœāļ¸්āˇ€āļŊිāļą් āļģāļ­්‍āļģāļą් āļ‘āļšāļ­ු āļšිāļģීāļ¸ āˇƒāļŗāˇ„ා āļĸාāļ­ිāļš āļ´ූāļĸා āˇ€්‍āļēාāļ´ාāļģāļēāļš් āļ¯ිāļēāļ­් āļšāˇ…ේāļē.

āļ´්‍āļģāļ ාāļģāļĢ āˇ€්‍āļēාāļ´ාāļģāļē āļēāļ§āļ­ේ āļ´ුāļ¯්āļœāļŊāļēāļą් āˇƒāˇ„ āˇƒāļ¸ාāļœāļ¸් āļ…āļœāļē āļšිāļģීāļ¸ේ āˇƒāˇ„āļ­ිāļš āˇ€ෙāļąුāˇ€āļ§ āˇƒ්āˇ€āļģ්āļĢාāļˇāļģāļĢ āˇƒāˇ„ āļšාāˇƒි āˇ€ැāļąි āļģāļą් āļˇාāļĢ්āļŠ āļģāļĸāļēāļ§ āļ´āļģිāļ­්‍āļēාāļœ āļšිāļģීāļ¸āļ§ āļ¯ිāļģිāļ¸āļ­් āļšāļģāļą āļŊāļ¯ී

IMF āˇ€ෙāļ­ āļœෙāˇ€ිāļē āļēුāļ­ු āˇ€ිāļ¯ේāˇ āˇ€ිāļąිāļ¸āļē āļĢāļē āļœෙāˇ€ීāļ¸ āˇƒāļŗāˇ„ා āļ‘āļšāļ­ු āļšāļģāļą āļŊāļ¯ āļģāļ­්āļģāļą් āļˇාāˇ€ිāļ­ා āļšිāļģීāļ¸āļ§ āļģāļĸāļē āļ´ොāļģොāļą්āļ¯ු āˇ€ිāļē. 

āļ¸ෙāļ¸ āˇ€්‍āļēාāļ´ාāļģāļēāļ§ āļ¯āļšුāļĢු āļšොāļģිāļēාāļąු āļ¸āˇ„āļĸāļąāļ­ාāˇ€āļœේ āļ´ුāˇ…ුāļŊ් āˇƒāˇ„āļē āˇ„ිāļ¸ි āˇ€ූ āļ…āļ­āļģ, āļļොāˇ„ෝ āļ…āļē āļ‘āļē āˇƒāļŊāļšāļą්āļąේ āļģāļ§ේ āļ¸ූāļŊ්‍āļē āļ…āļģ්āļļුāļ¯āļēෙāļą් āļ¸ිāļ¯ීāļ¸āļ§ āļ‹āļ´āļšාāļģ āļšිāļģීāļ¸ āļ¯ේāˇāļ´්‍āļģේāļ¸ී āļēුāļ­ුāļšāļ¸āļš් āļŊෙāˇƒ āļē. āļ¸ාāˇƒ āˇ„āļēāļš āļšාāļŊāļēāļš් āļ­ුāˇ…

āļ¸ෙāļ¸ āˇ€්‍āļēාāļ´ාāļģāļē āļ¸ුāˇ…ු āļģāļ­්‍āļģāļą් āļ¸ෙāļ§්‍āļģිāļš් āļ§ොāļą් 227āļš් āļ‘āļšāļ­ු āļšāļģ āļœāļ­් āļ…āļ­āļģ, āļ‘āļšāļŊ āļ‘āˇ„ි āˇ€āļ§ිāļąාāļšāļ¸ āļŠොāļŊāļģ් āļļිāļŊිāļēāļą 2.4āļš් āļ´āļ¸āļĢ āˇ€ිāļē.

āļģāļą් āļ‘āļšāļ­ු āļšිāļģීāļ¸ේ āˇ€්‍āļēාāļ´ාāļģāļēේ āˇƒාāļģ්āļŽāļšāļ­්āˇ€āļē āļ¯āļšුāļĢු āļšොāļģිāļēාāˇ€āļ§ āˇƒිāļē āļ¸ූāļŊ්‍āļē āļ…āļģ්āļļුāļ¯āļēෙāļą් āļ¸ිāļ¯ීāļ¸āļ§ āˇƒāˇ„ āļĸාāļ­්‍āļēāļą්āļ­āļģ āļ¸ූāļŊ්‍āļē āļ…āļģāļ¸ුāļ¯āļŊāļ§ āˇ€ිāļ¯ේāˇ āˇ€ිāļąිāļ¸āļē āļĢāļē āļ†āļ´āˇƒු āļœෙāˇ€ීāļ¸āļ§ āˇƒැāļŊāļšිāļē āļēුāļ­ු āļšාāļģ්āļēāļˇාāļģāļēāļš් āļ‰āļ§ු āļšāˇ…ේāļē

āļ…āļģ්āļļුāļ¯āļšාāļģී āļ­āļ­්āļ­්āˇ€āļēෙāļą් āļ¯ැāļŠි āļŊෙāˇƒ āļšāļ¸්āļ´ාāˇ€āļ§ āļ´āļ­්āˇ€ āļ­ිāļļූ āļ¯āļšුāļĢු āļšොāļģිāļēාāļąු āļ†āļģ්āļŽිāļšāļē āļ´ිāˇ…ිāļļāļŗ āˇ€ිāˇ්āˇ€ාāˇƒāļē āļēāˇ…ි āļ‡āļ­ි āļšිāļģීāļ¸āļ§ āļ¯ āļ‘āļē āļ‰āˇ€āˇ„āļŊ් āˇ€ිāļē.

āļ…āˇ€āˇƒාāļą āˇ€āˇāļēෙāļą්, 1990 āļ¯āˇāļšāļēේ āļ…āļœāļˇාāļœāļēේāļ¯ී āļ¯āļšුāļĢු āļšොāļģිāļēාāˇ€ āˇ€ිāˇƒිāļą් āļ¯ිāļēāļ­් āļšāļģāļą āļŊāļ¯ āļģāļą් āļ‘āļšāļ­ු āļšිāļģීāļ¸ේ āˇ€්‍āļēාāļ´ාāļģāļē āļģāļ§ේ āˇ€ිāļ¯ේāˇ āˇ€ිāļąිāļ¸āļē āļĢāļē āļœෙāˇ€ීāļ¸ āˇƒāļŗāˇ„ා āļ…āļģāļ¸ුāļ¯āļŊ් āļģැāˇƒ් āļšිāļģීāļ¸ āļ…āļģāļ¸ුāļĢු āļšāļģāļœāļ­් āļĸාāļ­ිāļš āļ´ූāļĸා āˇ€්‍āļēාāļ´ාāļģāļēāļšි

āļ¸ෙāļ¸ āˇ€්‍āļēාāļ´ාāļģāļēāļ§ āļ¸āˇ„āļĸāļąāļ­ාāˇ€āļœේ āˇ€ිāˇාāļŊ āˇƒāˇ„āļēෝāļœāļēāļš් āļŊැāļļුāļĢු āļ…āļ­āļģ āļ¯āļšුāļĢු āļšොāļģිāļēාāˇ€ේ āļ¸ූāļŊ්‍āļē āļ…āļģ්āļļුāļ¯āļē āļĸāļē āļœැāļąීāļ¸āļ§ āˇƒāˇ„ āļ†āļģ්āļŽිāļš āˇƒ්āļŽාāˇ€āļģāļ­්āˇ€āļē āļēāļŽා āļ­āļ­්āļ­්āˇ€āļēāļ§ āļ´āļ­් āļšිāļģීāļ¸āļ§ āļ‹āļ´āļšාāļģ āļšිāļģීāļ¸ේāļ¯ී āļ­ීāļģāļĢාāļ­්āļ¸āļš āļšාāļģ්āļēāļˇාāļģāļēāļš් āļ‰āļ§ු āļšāˇ…ේāļē.

1990 āļœāļĢāļą්āˇ€āļŊ āļ…āļœ āļˇාāļœāļēේ āļ¯āļšුāļĢු āļšොāļģිāļēාāˇ€ේ āļ´ැāˇ€āļ­ි āļģāļą් āļ‘āļšāļ­ු āļšිāļģීāļ¸ේ āˇ€්‍āļēාāļ´ාāļģāļēේ āļ¯ී, āˇƒāˇ„āļˇාāļœිāˇ€āļą්āļąāļą්āļ§ āļ”āˇ€ුāļą්āļœේ āļ´āļģිāļ­්‍āļēාāļœ āˇƒāļŗāˇ„ා āļ¸ුāļ¯āļŊ් āļ´්‍āļģāļ­ිāļŊාāļˇāļēāļš් āļąොāļŊැāļļුāļĢි

āļ’ āˇ€ෙāļąුāˇ€āļ§ āļ”āˇ€ුāļą්āļ§ āļģāļĸāļēෙāļą් āļ‡āļœැāļēීāļ¸ේ āˇƒāˇ„āļ­ිāļš āļŊැāļļුāļĢේ āļģāļ§ේ āļ†āļģ්āļŽිāļš āļ´්‍āļģāļšෘāļ­ිāļē āˇƒāļŗāˇ„ා āļ”āˇ€ුāļą් āļšāˇ… āļ¯ාāļēāļšāļ­්āˇ€āļēāļ§ āļšෘāļ­āļœුāļĢ āļ¯ැāļš්āˇ€ීāļ¸āļš් āˇ€āˇāļēෙāļąි.

āˇƒāˇ„āļˇාāļœිāˇ€āļą්āļąāļą්āļ§ āļąිāļšුāļ­් āļšāļģāļą āļŊāļ¯ āļ‡āļœāļēීāļ¸් āˇƒāˇ„āļ­ිāļš āˇ€ෙāˇ…āļŗාāļ¸් āļšāˇ… āˇ„ැāļšි āˇ„ෝ āļ¸ාāļģු āļšāˇ… āļąොāˇ„ැāļšි āˇ€ූ āļ…āļ­āļģ, āļ”āˇ€ුāļą්āļ§ āļ¸ුāļ¯āļŊ් āˇ€āļ§ිāļąාāļšāļ¸āļš් āļąොāļ­ිāļļුāļĢි.

āļšෙāˇƒේ āˇ€ෙāļ­āļ­්, āļ”āˇ€ුāļą් āļĸාāļ­ිāļš āļ…āļˇිāļ¸ාāļąāļē āˇƒāˇ„ āļ¯ේāˇāļ´්‍āļģේāļ¸āļēේ āˇƒංāļšේāļ­āļēāļš් āļŊෙāˇƒ āˇƒāļŊāļšāļąු āļŊැāļļූ āļ…āļ­āļģ, āļļොāˇ„ෝ āˇƒāˇ„āļˇාāļœිāˇ€āļą්āļąāļą් āļ’āˇ€ා āļ´ිāˇ…ිāļœැāļąීāļ¸āļ§ āļ†āļŠāļ¸්āļļāļģ āˇ€ිāļē.

āļšිāˇƒිāļ¯ු āļ¸ූāļŊ්‍āļē āļ´්‍āļģāļ­ිāļŊාāļˇāļēāļš් āļąොāļŊැāļļුāļĢāļ¯, āļģāļą් āļ‘āļšāļ­ු āļšිāļģීāļ¸ේ āˇ€්‍āļēාāļ´ාāļģāļēāļ§ āˇƒāˇ„āļˇාāļœී āˇ€ූāˇ€āļą් āļ­āļ¸ āļģāļ§āļ§ āļ…āˇ€āˇ්‍āļē āļ…āˇ€āˇƒ්āļŽාāˇ€āļŊāļ¯ී āļ‹āļ´āļšාāļģ āļšිāļģීāļ¸āļ§ āļēුāļ­ුāļšāļ¸ āļ´ිāˇ…ිāļļāļŗ āˇ„ැāļŸීāļ¸āļšිāļą් āļ´ෙāļŊāļšී āļ‡āļ­

āļļොāˇ„ෝ āļ¯āļšුāļĢු āļšොāļģිāļēාāļąුāˇ€āļą් āļ¸ෙāļ¸ āˇ€්‍āļēාāļ´ාāļģāļē āļ¯ුāļ§ුāˇ€ේ āļĸාāļ­ිāļē āļšෙāļģෙāˇ„ි āļ”āˇ€ුāļą්āļœේ āļšැāļ´āˇ€ීāļ¸ āļ´්‍āļģāļ¯āļģ්āˇāļąāļē āļšිāļģීāļ¸āļ§ āˇƒāˇ„ āļ‘āˇ„ි āļ†āļģ්āļŽිāļš āļ´්‍āļģāļšෘāļ­ිāļēāļ§ āļ¯ාāļēāļš āˇ€ීāļ¸ේ āļ¸ාāļģ්āļœāļēāļš් āļŊෙāˇƒ āļē.

āļ…āˇ€āˇƒාāļąāļēේāļ¯ී, āˇ€්‍āļēාāļ´ාāļģāļēේ āˇƒාāļģ්āļŽāļšāļ­්āˇ€āļē āļģāļ§ේ āļ†āļģ්āļŽිāļšāļē āˇƒ්āļŽාāˇ€āļģ āļšිāļģීāļ¸āļ§ āˇƒāˇ„ āļ‘āˇ„ි āļ¸ූāļŊ්‍āļē āļ´āļ¯්āļ°āļ­ිāļē āļšෙāļģෙāˇ„ි āˇ€ිāˇ්āˇ€ාāˇƒāļē āļēāļŽා āļ­āļ­්āˇ€āļēāļ§ āļ´āļ­් āļšිāļģීāļ¸āļ§ āļ‹āļ´āļšාāļģී āˇ€ූ āļļැāˇ€ිāļą්, āˇƒිāļēāļŊුāļ¸ āļ¯āļšුāļĢු āļšොāļģිāļēාāļąුāˇ€āļą්āļ§ āļ´්‍āļģāļ­ිāļŊාāļˇ āļ…āļ­් āˇ€ිāļē

āļĸාāļ­්‍āļēāļą්āļ­āļģ āļ¸ූāļŊ්‍āļē āļ…āļģāļ¸ුāļ¯āļŊāļ§ āˇƒිāļē āˇ€ිāļ¯ේāˇ āˇ€ිāļąිāļ¸āļē āļĢāļē āļ†āļ´āˇƒු āļœෙāˇ€ීāļ¸ෙāļą් āļ¯āļšුāļĢු āļšොāļģිāļēාāˇ€ āˇ€āļŠාāļ­් āļ¯āļģුāļĢු āļ¸ූāļŊ්‍āļē āļ…āļģ්āļļුāļ¯āļēāļš් āļ¸āļŸāˇ„āļģāˇ€ා āļœැāļąීāļ¸āļ§āļ­් āļ¯ිāļœුāļšාāļŊීāļą āļ†āļģ්āļŽිāļš āˇ€āļģ්āļ°āļąāļēāļ§ āˇƒāˇ„ āˇƒ්āļŽාāˇ€āļģāļ­්āˇ€āļēāļ§ āļ´āļ¯āļąāļ¸ āļ¯ැāļ¸ීāļ¸āļ§āļ­් āˇƒāļ¸āļ­් āˇ€ිāļē.

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