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National Debt Repayment Movement. The National Debt Repayment Movement ( Korean : 국채보상운동) was a 1907 to 1908 fundraising campaign in the Korean Empire, done as part of the Korean independence movement. The movement and its records were designated part of the UNESCO Memory of the World Programme in 2017. [1]
[1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.
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 [1] worth about $2.13 billion.
Estimating gross national product in North Korea is a difficult task because of a lack of economic data [42] and the problem of choosing an appropriate rate of exchange for the North Korean won, the nonconvertible North Korean currency. The South Korean government's estimate placed North Korea's GNP in 1991 at US$22.9 billion, or US$1,038 per ...
This is a list of countries by external debt: it is the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods or services, where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private households or private corporations based on the country under ...
In South Korea, the ratios rose from 13% to 21% and then as high as 40%, while the other northern newly industrialized countries fared much better. Only in Thailand and South Korea did debt service-to-exports ratios rise. [5] South Korea, Indonesia and Thailand were the countries most affected by the crisis.
The Korean War cost the US$30 billion in 1953, which is equivalent to US$341 billion in 2011. [1] During the last year of the war, annual war expenditure comprised about 14.1 percent of GDP. [ 1 ] Approximately 34,000 Americans were killed in battle and about another 2,800 died from disease or injury, with total U.S. casualties, which includes ...
List of sovereign debt crises. The list of sovereign debt crises involves the inability of independent countries to meet its liabilities as they become due. These include: A sovereign default, where a government suspends debt repayments. A debt restructuring plan, where the government agrees with other countries, or unilaterally reduces its ...