the truth about state bankruptcy

image text translation

(1)1 hour, 3
(2)There are many people who think that Korea’s default is the first time under the Kim Young-sam administration
(3)However, the state bankruptcy was already hit during the Park Chung-hee administration
(4)In 1979, the state bankruptcy was also in crisis, but Park Chung-hee died that year, and Chun Doo-hwan borrowed money from Japan and blocked it. Park Chung-hee saved the economy
(5)It’s a funny story in a word
(6)The foreign exchange crisis of 1969 has come 45 Companies Listed in Korea
(7)an insolvent enterprise
(8)In 1974, the state went bankrupt
(9)The foreign exchange crisis of 1979 has come
(10)The 1980 financial crisis continues
(11)Chun Doo-hwan has been begging Japan for $6 billion, so he’s in debt
(12)I barely paid off the interest, but the media told me the truth
(13)Without reporting, Park Chung-hee and Chun Doo-hwan
(14)He only deified himself as the hero of the rescue

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(1)In 1979, Park Chung-hee’s GDP was $18 billion, the world’s fourth-largest debtor
(2)I’ve made you suffer from more than 55 debts
(3)In 1985, Chun Doo-hwan suffered a debt of more than 250 billion U.S. dollars to the world’s No. 1 debtor
(4)The media did not report the state bankruptcy crisis at this time either
(5)And finally in 1997, it hit its second state bankruptcy since 1974
(6)Even during the Kim Young-sam era, foreign exchange reserves were depleted to $3.8 billion, but the day before the state bankruptcy, the media also assured the public that the Korean economy is not a problem
(7)This kind of press
(8)Let’s enter the net creditor country for the first time since the foundation of the country in the 24th quarter of 2000
(9)It’s reported that it’s an economic crisis
(10)At the end of 2002, it became the world’s fourth-largest foreign exchange reserves with $120 billion
(11)When I entered the country, I reported that the country was going to fail

image text translation

(1)At the end of 2002, it became the world’s fourth-largest foreign exchange reserves with $120 billion
(2)When I entered the country, I reported that the country was going to fail
(3)In 2006, when the external national debt was healthy at 30 to GDP, it was reported that it was an economic crisis
(4)It was reported that the country was going bankrupt when foreign net bonds topped $90 billion at the end of 2006
(5)And when the Moon Jae Inn government entered the world’s top 10 with the largest current account surplus and GDP, the media also said the country was ruined by the economic crisis
(6)Under the Yoon Suk Yeoln government, there is no media report that the country will fail even if the exchange rate is through the roof and the largest fiscal and current account deficit continues
(7)Cho Jung-dong is the true axis of evil. The worst of all is that even if the Chosun Ilbo reports on the Joseon Dynasty and the Chosun Ilbo closes, there will be no problem for Korea to become a truly advanced country politically and socially

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