Broadly speaking, the Korean government has actively participated in resource mobilization, even though the degree of participation has fluctuated during the development period according to the situation faced by the country. In the course of these development, Korea evoled a very peculiar macroeconomic management pattern. While the economic was subject to inflationary pressure stemming from the base money and credit expansion and the low official interest rates geared towards maximum mobilization of investment funds, conventional monetary policy instrument such as control of the money supply and interest rate policy became inoperative. Direct controls on individual prices, important for the CPI basket and even to economic activities within the private realm, became widely utilized as the instrument for maintaining macroeconomic stability. In sum, macroeconomic policy function was performed by micro regulations.