South Korea's IMF crisis
1997 · Event
The Asian financial crisis forces Seoul into a record $58 billion IMF bailout; mass layoffs and gold-collection drives make 'the IMF era' a national trauma.
On these timelines: Korea, Master
More from Korea
- Division of Korea at the 38th parallel (1945)
- Japanese annexation of Korea (1910)
- Silla unifies Korea (668)
- Joseon dynasty (1392)
- King Sejong invents Hangul (1443)
- Founding of North and South Korea (1948)
- North Korea invades South (1950)
- Three Kingdoms of Korea period (57 BCE)
Around 1997
- Dissolution of the Soviet Union (1991)
- Yugoslav Wars (1991)
- Gulf War (1990)
- War on Terror (2001)
- (Everything I Do) I Do It for You (Bryan Adams) (1991)
- Invention of the World Wide Web (1989)
- September 11 attacks (2001)
- That's The Way Love Goes (Janet Jackson) (1993)
- Pop music: the 2000s (2000)
- Pop music: the 1990s (1990)