The Economy during his regime; Park is credited with playing a pivotal role in the development of South Korea's tiger economy by shifting its focus to export-oriented industrialization. During that time, South Korea was mostly dependent on foreign aid, largely from the U.S.A. in exchange for South Korea's involvement in the Vietnam War.
The strong leadership of the government, though criticized as repressive and heavy-handed, and the effective use of cheap labor, served as a catalyst for the South Korean economy. Aside from Saemaul Undong movement, the Korean government carried out another effective economic development plan called the Five-Year Plan.
The Economy during his regime; Park is credited with playing a pivotal role in the development of South Korea's tiger economy by shifting its focus to export-oriented industrialization. During that time, South Korea was mostly dependent on foreign aid, largely from the U.S.A. in exchange for South Korea's involvement in the Vietnam War. The strong leadership of the government, though criticized as repressive and heavy-handed, and the effective use of cheap labor, served as a catalyst for the South Korean economy. Aside from Saemaul Undong movement, the Korean government carried out another effective economic development plan called the Five-Year Plan.
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