Article | Discussion | View source | History |
 
Loc:Japan
Korea flag
A Country Study: South Korea

Japan

The Chun government also brought about a significant change in South Korea's relations with Japan. In 1981 Chun utilized the United States' support and its strategy of allocating greater responsibility to Japan in the East Asian region to persuade Tokyo to grant Seoul a large public loan. The negotiations lasted until early 1983 and aroused many conflicting emotions in both countries. However, Chun was able to obtain a US$4 billion low-interest loan that significantly contributed to boosting South Korea's credit rating and to accelerating its economic recovery; Seoul's foreign debt had reached US$41 billion at the end of 1983 and was badly in need of an improved credit rating. Japanese prime minister Nakasone Yasuhiro capped the negotiation process by paying a state visit to Seoul in January 1983. While other Japanese prime ministers had visited Seoul for inaugurations or funerals, this was the first state visit to South Korea by a Japanese leader since the country was liberated from Japan in 1945.

Data as of June 1990


-This is an archive of a previously published work in the public domain. As a record of an already published work, it should not be changed or updated, except to improve the visual layout, to wikify the page or to add pertinent categories. Place names and others written in old romanization should stay the same way as well, but after wikifying please add a redirect to the present system of romanization (i.e. creating a redirect from Pusan to Busan or Kwangju to Gwangju).
-While content in the Galbijim wiki is by default under the GFDL, this work is in the public domain worldwide because it meets one or more of the following criteria: </br>-It has been so released by the copyright holder; Its copyright has expired; Or, it is ineligible for copyright.