Business administrationMin - jin, Oh

Jeong - muk, Kang

TOPICSTOPICS

1. Korea Economic Development 1~3

2. Korean Economic Development 5 year plan

3. Generative power of development 1~4.

4. Provision for industry of future.

5. Assignment for maintenance development.

Korea Economic DevelopmentKorea Economic Development 1 1

Miracle on the Han river Korea has undertaken

economic development

in earnest since 1962.

After Korean war (1953 ~ )

During the postwar reconstruction period (1953-1960), the rate of economic growth was quite low despite the massive inflow of foreign aid.

Korea Economic Development 2Korea Economic Development 2

Dynamic Korea Between 1953 and 1995,

Korea's GNP grew at an average annual rate of 7.6 %. From 1953 to 1996, Korea's GNP increased from $2.3 billion to $480.2 billion, with per capita GNP rising from $67 to $10,543, at current prices.

Korean Economic Development Korean Economic Development 5 year plan5 year plan

1st (1962 ~ 1966) It expanded infrastructure, improved energy

source, promoted export.

2nd (1967 ~ 1971) It endeavored in propulsion and food self-

supply self-sufficiency of industrialization.

Korean Economic Development Korean Economic Development 5 year plan5 year plan

3rd (1972 ~ 1976) It endeavored in the economic independence to

construct the heavy chemical factory. There was 1973 petroleum wave motion and

workers overseas dispatch. 4th (1977 ~ 1981) the government initiated the self-help Saemaeul

Undong to improve productivity and living standards in rural areas.

Korean Economic DevelopmentKorean Economic Development 5 year plan 5 year plan

5th (1982 ~ 1986)

It focused on stabilization, efficiency, balance. It stabilized prices that were the most serious

problem in Korean economy. 6th (1987 ~ 1991)

Basic targets were developed economy on basis of efficiency and equity, and promotion of social welfare. A rate of economic growth was more than 7.5%.

Korean Economic Development Korean Economic Development 5 year plan5 year plan

7th (1992 ~ 1996)

Three strategy were competitive strengthening of company, a balanced development, and promotion of

internationalization.

Generative power of Development Generative power of Development 1.1.

Shortage of fundamental capital to invest.

Got foreign capital from USA and JAPAN.

Light industry Heavy industry

Progressive inducement of foreign capital

Generative power of Development 2.Generative power of Development 2.

The Poor domestic market

OEM (Original Equipment Manufacturing) because of absence of own brand.

Change of exporting items : Light industry Heavy industry

Strategy of preference in Export

Generative power of Development Generative power of Development 33..

Realized the needs of own Brand and Technical knowledge.

SAMSUNG bough the inferior semiconductor production technology from TOSIBA in Japan.

Progressive investment in R&D

Generative power of Development Generative power of Development 44..

The SAEMAEUL (new community) Movement

The main slogan of movement was “Let’s be the rich”.

The gold gathering Movement When Korea is dominated by IMF

because of shortage of foreign currency, we gathered all of our Gold.

The willingness of citizen

Provision for industry of FutureProvision for industry of Future 1 1..

U-IT839 Strategy

The master-plan of the Korea government.

14.5% of related industries development.

266 billion dollars of additional values.

[ Major sections] WIBRO service, DMB service,

IPv6.

Provision for industry of FutureProvision for industry of Future 2.2.

BK 21 (Brain Korea 21)

Investment of government that help R&D of specialized section of each university.

Nowadays it is operating NURI project that is the second level of BK21.

Provision for industry of FutureProvision for industry of Future 3.3.

Aggressive drive of FTA

FTA (Free Trade Agreement) Two strong economic blocks; EU VS USA . South Korea, China, and

Japan, are preparing to create new economic block to compete with EU and USA

Assignment Assignment for Maintenancefor Maintenance development development

Risk of North Korea - Nuclear Bomb - Threaten of the War

Remarkable development of China

- Loss of market share in global market.- Stagnation of domestic industry.

REFERENCEREFERENCE

Korea Development Institute (KDI), The Korean Economy

Korea National Statistical Office, Statistical Data Base.

Thank you so much.Cok tesekkur ederim.

Dziekuje bardzo.Merci beaucoup.

정말 감사합니다 .

The End