When did South Korea s economy start taking off?

South Korea's economic take-off began in the early 60s, and it has maintained a high growth momentum for the next 30 years.

How South Korea's economy is taking off.

Causes of Korea's modernization**.

In 2005, the United Nations Conference on Trade and Development (UNCTAD) issued a press communiqué announcing that eight countries had been added to the list of developed countries. Among them, South Korea has become the third developed country in Asia after Japan and Singapore.

In fact, before South Korea's independence, its economic foundation was not as good as that of North Korea. Because during the Japanese colonial period, Japan put most of its heavy industry in the north of the peninsula, and the south mostly developed agriculture and light industry.

The following is enough to quote a set of data. "100 per cent of the coal and iron ore of the metal industry, 85 per cent of the electrical machinery industry of the chemical industry, and 92 per cent of the electricity generation are distributed in the northern part of the peninsula; 89% of the textile industry, printing industry, food industry, and agriculture, forestry and fishery industry are located in the southern part of the peninsula. ”

Economic assistance from the United States and the United Nations has provided valuable funding and technology for South Korea's economic development.

After the Cold War between the United States and the Soviet Union after World War II, South Korea, as the forward position of the United States in East Asia against the Soviet Union and China, became a key target of support for the United States. From 1945 to 1970, the United States provided $100 million in total aid to the ROK, and from 1950 to 1969, the United Nations-led multilateral aid to the ROK totaled $100 million. These aid funds have played an important role in the recovery and development of the ROK's post-war economy.

Of course, it is impossible to develop without capital and technology, and the allies led by the United States have transferred a large number of technologies to South Korea in order to support South Korea's development, because they are in the same camp and do not have to worry about technology leakage. Therefore, before the 90s, South Korea's technology was mainly imported, and after the 90s, the technology was mainly independent research and development, and now South Korea's annual international patent applications are among the top in the world.

In 2005.

In 2005, the United Nations Conference on Trade and Development (UNCTAD) issued a press release announcing that eight countries had been added to the list of developed countries. Among them, South Korea has become the third Asian developed country after Japan and Singapore. In 2005, there were 8 new developed countries:

Sejang Purus, Bahamas, Slovenia, Israel, South Korea, Malta, Hungary, Czech Republic.

From the 50s to the 60s of the 20th century, the level of economic development in Singapore and South Korea was not far from that of China. In the 70s and 80s, these two countries quickly entered the ranks of newly industrialized countries, while during the same period, our economic development lagged far behind. Analyze the reasons for this by combining the history of Singapore, South Korea and our country from the mid-50s to the late 70s.

What lessons can we learn from this?

The reason for the rapid economic development of Singapore and South Korea: attention is paid to formulating development strategies that are appropriate to their national conditions. And adjust it in a timely manner according to the changes in the international situation.

First of all, seize the opportunity to attract foreign investment and technology, and develop labor-intensive industries; Adjust the economic development strategy in a timely manner. We will continue to upgrade our industries and develop high-tech industries. Actively participate in international competition and develop an export-oriented economy; Vigorously develop science, technology, and education.

The reason for China's slow economic development before reform and opening up: the "leftist" mistake caused serious consequences. Since the end of the First Five-Year Plan, there has been a tendency for the economy to be aggressive.

During the Great Leap Forward and the people's communization movement, "leftist" errors were seriously rampant, resulting in a serious imbalance in the proportion of the national economy. This was followed by three years of economic hardship. The Cultural Revolution wreaked havoc on our economy, which stagnated for ten years.

Lessons learned: The focus must be on economic construction; It is necessary to develop development strategies that are tailored to national conditions; We must open up to the outside world and develop an export-oriented economy.

Now, because of the experience we have gained in the past, we are making a big effort to transform our own technology, such as automobile manufacturing and electronics in South Korea. 、。Compared with China, it is only in a labor-intensive industrial chain.

The industrial transfer of the Americans, if one day the United States says, South Korea, I don't want to cover you, South Korea will immediately return to the old society of all evils.

Some Korean brands are very popular internationally, LG, and then Samsung. In addition, Korean entertainment has become an industry that has brought a lot of tourism to South Korea.