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🇰🇷 South Korea /Economy & Trade

President Lee: “We are repaying the last debt from the foreign-exchange crisis”

From Chosun Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement New plan
  • South Korea will make its final government repayment next year on public funds deployed during the 1997 IMF foreign-exchange crisis.
  • President Lee Jae-myung credited citizens for helping complete the repayment process after three decades.

South Korea is set to repay next year the final portion of the public funds the government used to overcome the 1997 IMF foreign-exchange crisis. President Lee Jae-myung presented the payment as the closing chapter of a 30-year national effort.

In a post on X, formerly known as Twitter, Lee wrote under the title, “We are repaying the last debt from the foreign-exchange crisis after 30 years.” He said the government’s remaining obligation would be settled next year.

We are repaying the last debt from the foreign-exchange crisis after 30 years.

· Lee Jae-myungTitle of the president’s post on X announcing the final repayment.

Lee also thanked the public, saying, “We can bring this to a close thanks to the people who worked steadily for 30 years.”

We can bring this to a close thanks to the people who worked steadily for 30 years.

· Lee Jae-myungLee credited the public for completing the repayment process.
About this summary

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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