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 āļāļˇාāļāļēේāļ¯ී, āļ¯āļුāļĢු āļොāļģිāļēාāˇ āļ¯āļģුāļĢු āļ¸ූāļŊ්āļē āļ āļģ්āļļුāļ¯āļēāļāļ§ āļොāļ¯ුāļģු āˇූ āļ āļāļģ, āļāļē āļāˇි āļ¸ුāļ¯āļŊ් āļāļāļāļē, āˇොāļą්, āˇāˇ āˇිāļ¯ේāˇ āˇිāļąිāļ¸āļē āˇංāļ ිāļ āˇිāļāļēāļāļ§ āļුāļŠු āļ¯ුāļą් āļිāļēුāļąු āļŊෙāˇ āļ āˇāļ´්āļģāļ¸ාāļĢāļē āˇිāļē.
āļ¸ෙāļ¸ āļ
āļģ්āļļුāļ¯āļē āˇිāˇāļŗීāļ¸ āˇāļŗāˇා, āļāļģ්āļŽිāļ āļ´්āļģāļිāˇංāˇ්āļāļģāļĢ āˇāˇ āˇ්āļēුāˇාāļ්āļ¸āļ āļැāļŊāļ´ීāļ¸් āˇāļŗāˇා āļŠොāļŊāļģ් āļļිāļŊිāļēāļą 57 āļ āļāļ´āļ¯ීāļ¸ේ āļ´ැāļේāļĸāļēāļ් āļŊāļļා āļ¯ීāļ¸āļ§ āļāļāļ āˇූ āļĸාāļ්āļēāļą්āļāļģ āļ¸ූāļŊ්āļē āļ
āļģāļ¸ුāļ¯āļŊෙāļą් (IMF) āļ¯āļුāļĢු āļොāļģිāļēාāļąු āļāļą්āļŠුāˇ āļāļ°ාāļģ āļāļŊ්āļŊා āˇිāļ§ිāļēේāļē.
IMF āļāļ´āļ¯ීāļ¸ේ āļිāˇිāˇුāļ¸ේ āļොāļ§āˇāļ් āļŊෙāˇ, āļ¯āļුāļĢු āļොāļģිāļēාāˇ āˇිāļē āˇිāļ¯ේāˇ āˇිāļąිāļ¸āļē āļąāļē āļāļ´āˇු āļෙāˇීāļ¸āļ§ āļ āˇāˇ්āļē āˇූ āļ āļāļģ, āļ āˇāļą āˇිāļ§ āļāļē āļŠොāļŊāļģ් āļļිāļŊිāļēāļą 304āļ් āļ´āļ¸āļĢ āˇිāļē.
āļ¸ෙāļ¸ āļāļ´āˇු āļෙāˇීāļ¸ āˇāļŗāˇා āļ
āļģāļ¸ුāļ¯āļŊ් āļģැāˇ් āļිāļģීāļ¸ āˇāļŗāˇා, āļ¯āļුāļĢු āļොāļģිāļēාāļąු āļģāļĸāļē 1998 āļ¸ුāļŊ් āļˇාāļāļēේāļ¯ී āļ´ුāļģāˇැāˇිāļēāļą්āļෙāļą් āˇāˇ āˇāļ¸ාāļāļ¸්āˇāļŊිāļą් āļģāļ්āļģāļą් āļāļāļු āļිāļģීāļ¸ āˇāļŗāˇා āļĸාāļිāļ āļ´ූāļĸා āˇ්āļēාāļ´ාāļģāļēāļ් āļ¯ිāļēāļ් āļāˇ
ේāļē.
āļ´්āļģāļ ාāļģāļĢ āˇ්āļēාāļ´ාāļģāļē āļēāļ§āļේ āļ´ුāļ¯්āļāļŊāļēāļą් āˇāˇ āˇāļ¸ාāļāļ¸් āļ āļāļē āļිāļģීāļ¸ේ āˇāˇāļිāļ āˇෙāļąුāˇāļ§ āˇ්āˇāļģ්āļĢාāļˇāļģāļĢ āˇāˇ āļාāˇි āˇැāļąි āļģāļą් āļˇාāļĢ්āļŠ āļģāļĸāļēāļ§ āļ´āļģිāļ්āļēාāļ āļිāļģීāļ¸āļ§ āļ¯ිāļģිāļ¸āļ් āļāļģāļą āļŊāļ¯ී.
IMF āˇෙāļ āļෙāˇිāļē āļēුāļු āˇිāļ¯ේāˇ āˇිāļąිāļ¸āļē āļĢāļē āļෙāˇීāļ¸ āˇāļŗāˇා āļāļāļු āļāļģāļą āļŊāļ¯ āļģāļ්āļģāļą් āļˇාāˇිāļා āļිāļģීāļ¸āļ§ āļģāļĸāļē āļ´ොāļģොāļą්āļ¯ු āˇිāļē.
āļ¸ෙāļ¸ āˇ්āļēාāļ´ාāļģāļēāļ§ āļ¯āļුāļĢු āļොāļģිāļēාāļąු āļ¸āˇāļĸāļąāļාāˇāļේ āļ´ුāˇ ුāļŊ් āˇāˇāļē āˇිāļ¸ි āˇූ āļ āļāļģ, āļļොāˇෝ āļ āļē āļāļē āˇāļŊāļāļą්āļąේ āļģāļ§ේ āļ¸ූāļŊ්āļē āļ āļģ්āļļුāļ¯āļēෙāļą් āļ¸ිāļ¯ීāļ¸āļ§ āļāļ´āļාāļģ āļිāļģීāļ¸ āļ¯ේāˇāļ´්āļģේāļ¸ී āļēුāļුāļāļ¸āļ් āļŊෙāˇ āļē. āļ¸ාāˇ āˇāļēāļ āļාāļŊāļēāļ් āļුāˇ ,
āļ¸ෙāļ¸ āˇ්āļēාāļ´ාāļģāļē āļ¸ුāˇ
ු āļģāļ්āļģāļą් āļ¸ෙāļ§්āļģිāļ් āļ§ොāļą් 227āļ් āļāļāļු āļāļģ āļāļ් āļ
āļāļģ, āļāļāļŊ āļāˇි āˇāļ§ිāļąාāļāļ¸ āļŠොāļŊāļģ් āļļිāļŊිāļēāļą 2.4āļ් āļ´āļ¸āļĢ āˇිāļē.
āļģāļą් āļāļāļු āļිāļģීāļ¸ේ āˇ්āļēාāļ´ාāļģāļēේ āˇාāļģ්āļŽāļāļ්āˇāļē āļ¯āļුāļĢු āļොāļģිāļēාāˇāļ§ āˇිāļē āļ¸ූāļŊ්āļē āļ āļģ්āļļුāļ¯āļēෙāļą් āļ¸ිāļ¯ීāļ¸āļ§ āˇāˇ āļĸාāļ්āļēāļą්āļāļģ āļ¸ූāļŊ්āļē āļ āļģāļ¸ුāļ¯āļŊāļ§ āˇිāļ¯ේāˇ āˇිāļąිāļ¸āļē āļĢāļē āļāļ´āˇු āļෙāˇීāļ¸āļ§ āˇැāļŊāļිāļē āļēුāļු āļාāļģ්āļēāļˇාāļģāļēāļ් āļāļ§ු āļāˇ ේāļē.
āļ
āļģ්āļļුāļ¯āļාāļģී āļāļ්āļ්āˇāļēෙāļą් āļ¯ැāļŠි āļŊෙāˇ āļāļ¸්āļ´ාāˇāļ§ āļ´āļ්āˇ āļිāļļූ āļ¯āļුāļĢු āļොāļģිāļēාāļąු āļāļģ්āļŽිāļāļē āļ´ිāˇ
ිāļļāļŗ āˇිāˇ්āˇාāˇāļē āļēāˇ
ි āļāļි āļිāļģීāļ¸āļ§ āļ¯ āļāļē āļāˇāˇāļŊ් āˇිāļē.
āļ āˇāˇාāļą āˇāˇāļēෙāļą්, 1990 āļ¯āˇāļāļēේ āļ āļāļˇාāļāļēේāļ¯ී āļ¯āļුāļĢු āļොāļģිāļēාāˇ āˇිāˇිāļą් āļ¯ිāļēāļ් āļāļģāļą āļŊāļ¯ āļģāļą් āļāļāļු āļිāļģීāļ¸ේ āˇ්āļēාāļ´ාāļģāļē āļģāļ§ේ āˇිāļ¯ේāˇ āˇිāļąිāļ¸āļē āļĢāļē āļෙāˇීāļ¸ āˇāļŗāˇා āļ āļģāļ¸ුāļ¯āļŊ් āļģැāˇ් āļිāļģීāļ¸ āļ āļģāļ¸ුāļĢු āļāļģāļāļ් āļĸාāļිāļ āļ´ූāļĸා āˇ්āļēාāļ´ාāļģāļēāļි.
āļ¸ෙāļ¸ āˇ්āļēාāļ´ාāļģāļēāļ§ āļ¸āˇāļĸāļąāļාāˇāļේ āˇිāˇාāļŊ āˇāˇāļēෝāļāļēāļ් āļŊැāļļුāļĢු āļ
āļāļģ āļ¯āļුāļĢු āļොāļģිāļēාāˇේ āļ¸ූāļŊ්āļē āļ
āļģ්āļļුāļ¯āļē āļĸāļē āļැāļąීāļ¸āļ§ āˇāˇ āļāļģ්āļŽිāļ āˇ්āļŽාāˇāļģāļ්āˇāļē āļēāļŽා āļāļ්āļ්āˇāļēāļ§ āļ´āļ් āļිāļģීāļ¸āļ§ āļāļ´āļාāļģ āļිāļģීāļ¸ේāļ¯ී āļීāļģāļĢාāļ්āļ¸āļ āļාāļģ්āļēāļˇාāļģāļēāļ් āļāļ§ු āļāˇ
ේāļē.
1990 āļāļĢāļą්āˇāļŊ āļ āļ āļˇාāļāļēේ āļ¯āļුāļĢු āļොāļģිāļēාāˇේ āļ´ැāˇāļි āļģāļą් āļāļāļු āļිāļģීāļ¸ේ āˇ්āļēාāļ´ාāļģāļēේ āļ¯ී, āˇāˇāļˇාāļිāˇāļą්āļąāļą්āļ§ āļāˇුāļą්āļේ āļ´āļģිāļ්āļēාāļ āˇāļŗāˇා āļ¸ුāļ¯āļŊ් āļ´්āļģāļිāļŊාāļˇāļēāļ් āļąොāļŊැāļļුāļĢි.
āļ āˇෙāļąුāˇāļ§ āļāˇුāļą්āļ§ āļģāļĸāļēෙāļą් āļāļැāļēීāļ¸ේ āˇāˇāļිāļ āļŊැāļļුāļĢේ āļģāļ§ේ āļāļģ්āļŽිāļ āļ´්āļģāļෘāļිāļē āˇāļŗāˇා āļāˇුāļą් āļāˇ
āļ¯ාāļēāļāļ්āˇāļēāļ§ āļෘāļāļුāļĢ āļ¯ැāļ්āˇීāļ¸āļ් āˇāˇāļēෙāļąි.
āˇāˇāļˇාāļිāˇāļą්āļąāļą්āļ§ āļąිāļුāļ් āļāļģāļą āļŊāļ¯ āļāļāļēීāļ¸් āˇāˇāļිāļ āˇෙāˇ āļŗාāļ¸් āļāˇ āˇැāļි āˇෝ āļ¸ාāļģු āļāˇ āļąොāˇැāļි āˇූ āļ āļāļģ, āļāˇුāļą්āļ§ āļ¸ුāļ¯āļŊ් āˇāļ§ිāļąාāļāļ¸āļ් āļąොāļිāļļුāļĢි.
āļෙāˇේ āˇෙāļāļ්, āļāˇුāļą් āļĸාāļිāļ āļ
āļˇිāļ¸ාāļąāļē āˇāˇ āļ¯ේāˇāļ´්āļģේāļ¸āļēේ āˇංāļේāļāļēāļ් āļŊෙāˇ āˇāļŊāļāļąු āļŊැāļļූ āļ
āļāļģ, āļļොāˇෝ āˇāˇāļˇාāļිāˇāļą්āļąāļą් āļāˇා āļ´ිāˇ
ිāļැāļąීāļ¸āļ§ āļāļŠāļ¸්āļļāļģ āˇිāļē.
āļිāˇිāļ¯ු āļ¸ූāļŊ්āļē āļ´්āļģāļිāļŊාāļˇāļēāļ් āļąොāļŊැāļļුāļĢāļ¯, āļģāļą් āļāļāļු āļිāļģීāļ¸ේ āˇ්āļēාāļ´ාāļģāļēāļ§ āˇāˇāļˇාāļී āˇූāˇāļą් āļāļ¸ āļģāļ§āļ§ āļ āˇāˇ්āļē āļ āˇāˇ්āļŽාāˇāļŊāļ¯ී āļāļ´āļාāļģ āļිāļģීāļ¸āļ§ āļēුāļුāļāļ¸ āļ´ිāˇ ිāļļāļŗ āˇැāļීāļ¸āļිāļą් āļ´ෙāļŊāļšී āļāļ.
āļļොāˇෝ āļ¯āļුāļĢු āļොāļģිāļēාāļąුāˇāļą් āļ¸ෙāļ¸ āˇ්āļēාāļ´ාāļģāļē āļ¯ුāļ§ුāˇේ āļĸාāļිāļē āļෙāļģෙāˇි āļāˇුāļą්āļේ āļැāļ´āˇීāļ¸ āļ´්āļģāļ¯āļģ්āˇāļąāļē āļිāļģීāļ¸āļ§ āˇāˇ āļāˇි āļāļģ්āļŽිāļ āļ´්āļģāļෘāļිāļēāļ§ āļ¯ාāļēāļ āˇීāļ¸ේ āļ¸ාāļģ්āļāļēāļ් āļŊෙāˇ āļē.
āļ āˇāˇාāļąāļēේāļ¯ී, āˇ්āļēාāļ´ාāļģāļēේ āˇාāļģ්āļŽāļāļ්āˇāļē āļģāļ§ේ āļāļģ්āļŽිāļāļē āˇ්āļŽාāˇāļģ āļිāļģීāļ¸āļ§ āˇāˇ āļāˇි āļ¸ූāļŊ්āļē āļ´āļ¯්āļ°āļිāļē āļෙāļģෙāˇි āˇිāˇ්āˇාāˇāļē āļēāļŽා āļāļ්āˇāļēāļ§ āļ´āļ් āļිāļģීāļ¸āļ§ āļāļ´āļාāļģී āˇූ āļļැāˇිāļą්, āˇිāļēāļŊුāļ¸ āļ¯āļුāļĢු āļොāļģිāļēාāļąුāˇāļą්āļ§ āļ´්āļģāļිāļŊාāļˇ āļ āļ් āˇිāļē.
āļĸාāļ්āļēāļą්āļāļģ āļ¸ූāļŊ්āļē āļ
āļģāļ¸ුāļ¯āļŊāļ§ āˇිāļē āˇිāļ¯ේāˇ āˇිāļąිāļ¸āļē āļĢāļē āļāļ´āˇු āļෙāˇීāļ¸ෙāļą් āļ¯āļුāļĢු āļොāļģිāļēාāˇ āˇāļŠාāļ් āļ¯āļģුāļĢු āļ¸ූāļŊ්āļē āļ
āļģ්āļļුāļ¯āļēāļ් āļ¸āļāˇāļģāˇා āļැāļąීāļ¸āļ§āļ් āļ¯ිāļුāļාāļŊීāļą āļāļģ්āļŽිāļ āˇāļģ්āļ°āļąāļēāļ§ āˇāˇ āˇ්āļŽාāˇāļģāļ්āˇāļēāļ§ āļ´āļ¯āļąāļ¸ āļ¯ැāļ¸ීāļ¸āļ§āļ් āˇāļ¸āļ් āˇිāļē.
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