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How South Koreans donated 227 tonnes of gold to rescue their economy after the 1997 IMF bailout

When South Korea was plunged into one of the worst financial crises in its modern history, the government turned to the International Monetary Fund (IMF) for what was then the largest bailout package ever approved. Yet one of the country's most remarkable responses did not come from financial markets or political leaders; it came from ordinary citizens.

Raccontata datimesofindia.indiatimes.comeconomictimes.indiatimes.com

Confronto fonti

2 prospettive sulla stessa storia
AI · summaries
timesofindia.indiatimes.comStai leggendo11 g fa

How South Koreans donated 227 tonnes of gold to rescue their economy after the 1997 IMF bailout

When South Korea was plunged into one of the worst financial crises in its modern history, the government turned to the International Monetary Fund (IMF) for what was then the largest bailout package ever approved. Yet…

originale
economictimes.indiatimes.com11 g fa

In 1998, South Korea urged people to save the country from bankruptcy. Millions lined up with gold wedding…

In January 1998, millions of ordinary South Koreans voluntarily donated gold, including wedding rings and baby bracelets, to help their nation repay a massive IMF debt. This unprecedented public drive, inspired by…

Timeline cronologica

  1. venerdì 3 luglio 2026·timesofindia.indiatimes.com

    How South Koreans donated 227 tonnes of gold to rescue their economy after the 1997 IMF bailout

    When South Korea was plunged into one of the worst financial crises in its modern history, the government turned to the International Monetary Fund (IMF) for what was then the…

  2. venerdì 3 luglio 2026·economictimes.indiatimes.com

    In 1998, South Korea urged people to save the country from bankruptcy. Millions lined up with gold wedding rings and baby bracelets,…

Leggi questa versione → originale

In January 1998, millions of ordinary South Koreans voluntarily donated gold, including wedding rings and baby bracelets, to help their nation repay a massive IMF debt. This…