본문 바로가기
  • Home

The characteristics of economic rehabilitation programs in Korea between 1948 and 1950

  • The Review of Korean History
  • 2004, (73), pp.167-205
  • Publisher : The Historical Society Of Korea
  • Research Area : Humanities > History

Jeom Sook Kim 1

1국사편찬위원회

Candidate

ABSTRACT

This study explores the economic rehabilitation programs made by Korean Government and the Economic Cooperation Administration in Korea from 1948 to 1950. Following the establishment of the Korean Government, the Korean Government pledged itself word to be rehabilitated Korean economy on the basis of self sufficiency economy. Korean government made the “Five year economic recovery program” to implement the announcement. The program, which is the first synthesized economic rehabilitation program planned by Korean Government, pursued “agriculture and industry proceeding together policy.” It was focused to develop Agriculture, Mining, and electricity in the program. The planned production level of the heavy and chemical industry in the program was greatly high. That, however, doesn’t mean the program pursued the industrialization focucing on the heavy and chemical industry. Even though the Korean government was established, American government was still involved in and had influence on Korean economic affairs. In fact, the program made by Korean government leaned on the economic assistance of U.S toward Korea. After 1949, the Economic Cooperation Administration took charge the economic assistance toward Korea so they built a new economic rehabilitation program for Korea. It is concluded through the survey the program that the program pursued the equivalence of international balance of payments and the contents were the same with what Korean government pursued in the “Five year economic recovery program.” However, the economic programs to implement the “agriculture and industry proceeding together policy” were planned by both sides, the serious inflation in Korea was an obstacle to implementation of them. In addition, the Korean war broke out and the plan could not implement as planned.

KEYWORDS

no data found.

Citation status

* References for papers published after 2022 are currently being built.