Throughline: How Korean culture went global
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The IMF Crisis in South Korea
South Korea turned to the International Monetary Fund, the IMF, for help in 1997. The IMF ultimately granted South Korea a nearly 60 billion dollar bailout on a day many call National Humiliation Day. Koreans took it upon themselves to pay the loan back, contributing in whatever way they could. Over 3 million Koreans donated 200 plus tons of gold in a show of patriotic unity.
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