South Korea's miraculous economic development
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South Korea's miraculous economic development "one of the biggest mysteries of the modern world." It was no mystery to the Koreans. "Park Chung Hee" The miracle worker of the Korea. South Koreans refer to this growth as the Miracle on the Han River. Korea's infrastructure was destroyed by the Korean War (1950-53) and millions lived in poverty at the time, with thousands of unemployed people struggling to fulfill basic needs. When General Park Chung-hee seized power in 1961, South Korea had per capita income of less than $100 per year. During that time, South Korea was mostly dependent on foreign aid. President Park Chung-hee's "Saemaeul (New village) movement" focused on developing rural Korea. It is considered by many Koreans as a symbol of national pride and "can-do" spirit. Besides the Saemaeul movement, the Korean government carried out another effective economic development plan called the Five-Year Plan. There were more than 5 plans created, and they were designed to revive the economy. Each of the plans contributed tremendously in industrialization and enlarging the marketplaces of South Korea. The strong leadership of the Park government and the effective use of cheap labor started a spark in the South Korean economy. Having almost no natural resources and always suffering from overpopulation in its small territory, which deterred continued population growth and the formation of a large internal consumer market, South Korea adapted an export-oriented economic strategy to fuel its economy. In less than four decades, this "hopeless" city was completely transformed into a world leading global city, a centre of business and commerce in Asia and a highly developed world city and economic hub, having among the most advanced technological infrastructure in the world. In 2010,GDP per capita of $30,000 and South Korea seventh largest exporter and tenth largest importer in the world. Now days South Korea is a high-income developed country and has a market economy which ranks 15th in the world.
Comments
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park chung hee was a dictator; not a hero. stupid dum shit
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Thank you soo much!
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only japna power~!!!
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President Park junghee, only credit goes to him, If without him today South Korea would be much poorer than that of North Korea. At that time, President Lee corrupted America's aid. for example, when I was an elementary school. one of third young women's job was prostitutes. Now Korea leftists called him an dictator, What's liar. I worry about today Koreans' mentality that is not normal.
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please don't celebrate park chung hee....he achieved korea's economical development. but he interrupted korea's democracy so much
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The most terrible video I've ever seen. How could one man change entire nation?He was just an dictator. No more no less! Unfortunately, His daughter is ruinning this nation.
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Almost like DPRK but now whew!!!
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Can you imagine what South Korea would be now if he wasn't assassinated? OR MTK, and JFK for that matter.
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salute this great nation develop from ash love from india
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Please don't look at the comments - they will be full of butthurt Japanese ultranationalists
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God bless Korea...yes, president Park Chung Hee deserves credit for the growth of S. Korea post war with God's help...
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Difference between Korea and other impoverished nations that still can't improve? Korea had a dictator that ruled and thrived for industrial modernization of the country while other countries dictators just steal money, weaponize its military and leaves the rest of the nation in the dirt because all they care about is the wealth.
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If Marcos continued he's project and propaganda in the Philippines, Maybe Philippines also considered Asia Tiger, Just sayin :)
GJ Korea :)) best Regard from the Phil. -
People who say South Korea is a puppet of U.S. on here don't even realize that North korea is a puppet of China and Russia. People on youtube and I'm not talking about anyone commenting on this video I'm talking about people on other youtube Korean related videos who said Syngman Rhee is a puppet of the U.S. guess what? Kim il sung was the puppet of Russia who couldn't do jack shit for North Korea.So next time think twice before supporting North Korea and support South Korea insted thank you and peace out. P.S. Park chung-hee was one of the best president of South Korea ever:)
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한국 경제발전의 근본적인 힘은 5000년 너머 가난에 지친 국민의 억척스런힘이다.
그 잠자는 국민의 힘과 소망을 깨워 일어킨이가 박정희다.물론 비난 받을 몇몇 행위도 없진 않았으나 옥에 티. 여기서 말하고자 하는 핵심은 그가 국민을 일깨워 가난에서 벗어나게한 장본인이다.역사는 그를 평가하기엔 적어도 한세기후라야 다른 지도자들과 비교 평가가 가능하리라.혹자는 그를 독재자로 평하기도 하나 만약 그가 아니었다면 끼니 걱정에 그런 호사스런 생각을 할 시간도 없었을거다.먹거리조차 없는 황폐한 야산에서
우리 선조들처럼 살기위해 나무껍질이라도 벗기기 바쁠테니까.등따뜻하고 배부르게 되니 눈에 뵈는게 없겄지.푼수들 -
I have the thinking that although both Park Jung-Hee and No Mu-Hyun leaded korea in other period of time ,they both don't looked at the present situation but the images that has not come but want to realize the ideal image in his mother land and people...
But as a result, they both are killed by the reverse power...but they still acted as the two wings of korea...and two idealogists that affects nowadays korean.
In the future, we will witness that korea is on the established political and social convention and tradition, by the two ideologist Park and Noh..They must be happy in the heaven that korea consistently approached their ideal nation...
Don't blame each other's ideology... As one is your belief but the other is my belief but you and I are the Koreans.... -
Park Chung Hee was a dictator who actually killed his political enemies. He fixed the nation's constitutions to extend his president place. Even though it seems to be successful, the democracy in South Korea was completely destroyed. He also gained his political power through military forces which was not acceptable. Now his daughter is a president and she refused to have a conversation with people and suppresses freedom of speech. She doesn't have any controls and doesn't have any ideas how to lead the country in a right track.
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South Korea Forever!!!!!!!!!!!
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God bless Park chung hee
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Park Chung Hee may have been a dictator but he was the man who actually got things done and brought hope and prosperity to a once impoverished and war torn nation. The democratic government at the time was very corrupt and never got things done before Park took power. A lot of Koreans would say Park was the greatest president despite his crimes and if it wasn't for him, the ROK would have never discovered its true potential in the industrial world. If even the elderly admire Park, that really means something since they had to endure hell before he took power.
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