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Today in Korean history

All Headlines 14:00 August 25, 2016

Aug. 26

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.
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