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dc.contributor.advisorBraithwaite, Jeanine D.
dc.contributor.authorChang, Seung Woo
dc.descriptionvi, 40 p.en_US
dc.description.abstractThis paper is about the economic development of South Korea since the Korean War. The analysis begins by examining the economy both before and after the Korean Was. After World War II, Korea, just liberated from Japanese occupation, remained in economic and political disarray. With the start of the Korean War in 1950, South Korea economic situation became even worse. After the end of hostilities in 1953, the South Korean economy gradually improved up through 1960. In 1961 the post war regime of Sung Man Rhee, supported by the United States, was over thrown by military coup. General Park, Chung Hee assumed the presidency and initiated a new Five Year Economic Development Plan. The plans concentrated on development of heavy and chemical industries and expansion of exports. A significant feature of the new economic direction was termed, "Cheabol." Cheabol designates large industrial manufacturing enterprises that are initiated and encouraged with government support and protection. The Cheabol concept is very similar to corresponding enterprise in Japan. Cheabols were initiated shortly after the end of Japanese occupation of Korea, and achieved significant growth after 1961. Since then most Korean economic activities have been managed by Cheabols. Even though with Cheabols Korea achieved rapid economic expansion, the dominance of the Cheabol concept itself created new kinds of economic problems. Today Korea requires new economic research and policies to improve economic conditions and to be included with the advanced economic countries of the world.en_US
dc.relation.ispartofKalamazoo College Economics and Business Senior Individualized Projects Collection
dc.rightsU.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.
dc.titleThe Economic Growth of South Korea Since the Korean War and its Relationship with Cheabol (Conglomerates Enterprises)en_US
KCollege.Access.ContactIf you are not a current Kalamazoo College student, faculty, or staff member, email to request access to this thesis.

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  • Economics and Business Senior Individualized Projects [1166]
    This collection includes Senior Individualized Projects (SIP's) completed in the Economics and Business Department. Abstracts are generally available to the public, but PDF files are available only to current Kalamazoo College students, faculty, and staff.

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