What happened July 1997 AD

Later that year, in July, South Korea's third-largest car maker, Kia Motors, asked for emergency loans. The domino effect of collapsing large South Korean companies drove the interest rates up and international investors away.

Chávez and his supporters founded a political party, the Fifth Republic Movement (MVR – Movimiento Quinta República) in July 1997 in order to support Chávez's candidacy in the 1998 presidential election.

The 2nd marriage lasted less than a year.

In July 1997, within days of the Thai baht devaluation, the Malaysian ringgit was heavily traded by speculators. The overnight rate jumped from under 8% to over 40%.

In July 1997, when Thailand float the baht, Indonesia's monetary authorities widened the rupiah currency trading band from 8% to 12%. The rupiah suddenly came under severe attack in August.

The Samper administration reacted against FARC's attacks by contacted the guerrillas in order to negotiate the release of some or all of the hostages in FARC hands, which led to the temporary demilitarization of the municipality of Cartagena del Chairá, Caquetá in July 1997 and the unilateral liberation of 70 soldiers, a move which was opposed by the command of the Colombian military. Other contacts between the guerrillas and government, as well as with representatives of religious and economic sectors, continued throughout 1997 and 1998.

In the summer of 1997, coach Otto Rehhagel of just-promoted 1. FC Kaiserslautern signed Ballack at their return to top flight football.

Thailand triggered the crisis on 2 July and on 3 July, the Bangko Sentral intervened to defend the peso, raising the overnight rate from 15% to 32% at the onset of the Asian crisis in mid-July 1997.

Thailand lacked the foreign reserves to support the USD–Baht currency peg, and the Thai government was eventually forced to float the Baht, on 2 July 1997, allowing the value of the Baht to be set by the currency market. This caused a chain reaction of events, eventually culminating into a region-wide crisis.

In July 1997, U.S. Attorney General Janet Reno, prompted by a reporter's question at her weekly news conference, expressed regret over the FBI's leak to the news media that led to the widespread presumption of his guilt, and apologized outright, saying, "I'm very sorry it happened. I think we owe him an apology. I regret the leak.".

Jolie also starred in the music video for the Rolling Stones's "Anybody Seen My Baby?" as a stripper who leaves mid-performance to wander New York City.

On 23 July 1997, Milošević assumed the presidency of the Federation (The Federal Republic of Yugoslavia), though it had been understood he had held the real power for some time before then.

On July 23, 1997, Jewell sued the New York Post for $15 million in damages, contending that the paper portrayed him in articles, photographs and an editorial cartoon as an "aberrant" person with a "bizarre employment history" who was probably guilty of the bombing.