Today in Korean history (Aug.26)
Aug 26, 2017
•1955 -- South Korea becomes a member of the International Monetary Fund (IMF).

•1996 -- Former South Korean Presidents Chun Doo-hwan and Roh Tae-woo are sentenced to death and 22 1/2 years in jail, respectively, for rebellion and other charges. In April 1997, the charges were commuted to life imprisonment for Chun and 17 years in jail for Roh by the Supreme Court. In December 1997, the two were released on a special pardon.

•1997 -- The U.S. State Department grants political asylum to North Korean Ambassador to Egypt Chang Sung-kil.

•1999 -- Creditors put Daewoo Group's 12 affiliates under a debt-restructuring program.

•2012 -- A conflict escalates in the main opposition Democratic United Party's presidential election primary as underdogs threaten to boycott the process over alleged loopholes in the mobile voting system.

•2013 -- South Korean technicians are given permission to stay for extended periods of time at an inter-Korean factory park in North Korea to better support companies planning to reopen their factories.

•2015 -- South Korea's state-run pension fund has suffered heavy valuation losses from its investment in two Samsung Group units over the past two months as the stocks have plunged after their merger plan was approved by shareholders last month, data show.

•2016 -- The vice chairman of South Korea's fifth-largest conglomerate Lotte Group is found dead, in an apparent suicide that occurred while he was waiting for a summons by prosecutors over corruption allegations involving the group.

Source:Yonhap News

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