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Updated:Apr 23, 2026
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South Korea: Development Plans under Park Chung-hee (1961–1979)

South Korea: Development Plans under Park Chung-hee (1961–1979)

  1. Economic Planning Board empowered for national planning

    Labels: Economic Planning, Executive Branch
  2. Military coup installs Park-led junta

    Labels: Park Chung-hee, May 16
  3. KCIA founded, tightening political control

    Labels: KCIA, Intelligence Agency
  4. First Five-Year Plan begins export-oriented shift

    Labels: First Five-Year, Infrastructure
  5. Currency devaluation supports export expansion

    Labels: Currency Devaluation, Exchange Policy
  6. Second Five-Year Plan deepens industrial upgrading

    Labels: Second Five-Year, Industrial Policy
  7. Construction starts on POSCO’s Pohang steelworks

    Labels: POSCO, Pohang Steelworks
  8. Saemaul Undong launched for rural modernization

    Labels: Saemaul Undong, Rural Development
  9. Gyeongbu Expressway completed, linking Seoul and Busan

    Labels: Gyeongbu Expressway, Transport Infrastructure
  10. Third Five-Year Plan launches heavy-chemical “big push”

    Labels: Third Five-Year, Heavy Chemical
  11. Yushin Constitution concentrates executive power

    Labels: Yushin Constitution, Presidency
  12. Pohang steelworks dedicated, expanding industrial base

    Labels: Pohang Steelworks, POSCO
  13. Fourth Five-Year Plan drafted amid growing complexity

    Labels: Fourth Five-Year, Economic Planning
  14. Assassination ends Park era of state-led planning

    Labels: Assassination of, Kim Jae-gyu