Korea’s rapid economic rise and lessons for developing economies

  • 2011-04-06
  • By Jin Hong RIM, Cultural attaché at the Embassy of the Republic of Korea
General Park’s ascension to presidencyRhee Syngman, the first president of the Republic of Korea, was forced out of office in April 1960, after a disputed election and widespread allegations of corruption within his government unleashed a massive student uprising. A new government took office in August that year. However, it was a rather short-lived period of parliamentary rule, accompanied by political chaos and social instability. Then Park Chung-hee came to power, in May 1961, through a military coup and this sudden change of political landscape was largely welcomed by a ge...
 
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