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Auction History Result 2d518 KOREA IS ONE 21x29 North Korean special poster 1988 artwork by Pak Tae Won, Korea is one Date Sold 11/19/2017 Sold For: Login or Register to see sold price. An Unfolded North Korean Special Poster (measures 21" x 28 3/4" [53 x 73 cm]) (Learn More) Korea is One, the 1988 North Korean poster promoting the 13th World Festival of Youth and Students, which was a 1989 international event, organized by the World Federation of Democratic Youth (WFDY), a United Nations-recognized international youth non-governmental organization. It was held in Pyongyang, North Korea and lasted 8 days. The event took four years of preparation by the North Korean government, which effectively spent a quarter of the country's yearly budget on it, and they built elaborate stadiums and undertook other expensive architectural projects. Ultimately declared as the largest ever World Festival of Youth and Students, about 22,000 people from 177 countries took part in the festival, including 100 people from the United States. Many saw the event as a competitive reaction to the Seoul Olympics games (it also undermined previous reconciliation efforts between North and South Korea), and hosting had long lasting consequences for the North Korean government and its worldwide standing. After funneling billions of dollars into the festival production, North Korea ended up owing five billion dollars in foreign debt and was considered bankrupt by creditor nations. Artist: Pak Tae Won Condition: very good. The poster was lightly folded back horizontally at center at one time. It is otherwise in pretty nice condition. Learn More about condition grades 
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