Gold-collecting campaign

Gold-collecting campaign
Korean citizens participating in the gold-collecting campaign. (English translation of the text on the screen: A gold gathering campaign showing the will of the Korean people to overcome the IMF)
Korean name
Hangul
금 모으기 운동
Hanja
金 모으기 運動
Revised Romanizationgeum moeugi undong
McCune–Reischauerkŭm moŭgi undong
The gold collecting campaign, from January to April 1998

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.[2]

  1. ^ 조, 문호 (2008-10-18). "'전국민 달러 모으기' 애국인가 망국인가". 매일신문.
  2. ^ "[위크엔드] 換亂극복 '눈물의 금모으기'…한국은 울고, 세계는 감동했다" (in Korean). 2013-05-03. Retrieved 2018-06-25.