What was a notable consequence of the IMF loans during his term?
Unpopular conditional loans
Budget surplus
Economic boom
Tourism increase
Answer
The unpopular conditional loans from the International Monetary Fund (IMF) during his term led to widespread public discontent and social unrest. These loans imposed strict austerity measures, which resulted in cuts to public spending, reduced social services, and increased unemployment, causing significant economic hardship and a decline in living standards for many people.
Traversing the Era of Change: The Kim Young-sam Presidential Quiz
More Questions
Which two predecessors did Kim arrest during his anti-corruption campaign?
Kim Young-sam's role before presidency was primarily as a?
Who surpassed Kim's low approval rating in 2016?
Kim Young-sam's birthplace was on which part of the Korean peninsula?
After which event did Kim Young-sam gain moderate positive reevaluation?
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