Contemporary
1998년정치
Overcoming the Financial Crisis
A government formed through the first peaceful transfer of power between rival parties overcame the foreign-exchange crisis, aided by a nationwide gold-collecting campaign, and pursued the Sunshine Policy of reconciliation with the North.
Key developments
- 첫 평화적 정권교체First peaceful handover
The first peaceful transfer of power between ruling and opposition parties took place.
- 금 모으기 운동Gold-collecting drive
A campaign for citizens to donate gold to repay the national debt spread nationwide.
- 햇볕정책Sunshine Policy
The Sunshine Policy, pursuing reconciliation and cooperation with North Korea, was advanced.