
February 2025 : Top 6 Exhibitions to Visit in Seoul
- Uncategorized
1. 1919 – 1919 : military-based policies
2. 1919 – 1932 : culture-based policies
3. 1932 – 1945 : assimilation-based policies
1950 – 1953 : The Korean War
The war started as soldiers from North Korea invaded the boundary below the 38th parallel on 25 June 1950.
China and the Soviet Union supported North Korea and the United States and the United Nations were on South Korea’s side.
The armistice agreement was finally reached on July 27, 1953, ending the tragic war in 3 years and a month. Nearly 3 million people in South and North Korea were killed or went missing.
1997 – 2001 : Financial Crisis of 1997
As Korea faced the crisis of national bankruptcy, the government signed a memorandum of understanding (MOU) to receive funding from the International Monetary Fund (IMF).
After receiving a bailout of 19.5 billion dollars from the IMF, a major national economic restructuring began.
In order to repay the national debt, a gold-collecting campaign was conducted in 1998. Gold worth 1.82 billion dollars was contributed by Korean citizens.
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