Park's primary vision was "rich country, strong military" (
Citing rampant corruption and the need to restore order, the military junta dissolved the National Assembly and imposed martial law. The Park Chung Hee Era: The Transformation of S...
Under Park, South Korea transitioned from an agrarian society to a global manufacturing hub with GDP growth averaging . How Park Chung-Hee Transformed South Korea's Economy Park's primary vision was "rich country, strong military"
The Park Chung Hee Era: From "Shrimp" to Industrial "Whale" The era of Park Chung Hee (1961–1979) remains the most consequential and fiercely debated period in modern South Korean history. It was a time when a war-torn, impoverished nation was forcibly marched into the industrial age, a transformation now famously known as the . It was a time when a war-torn, impoverished
Park Chung Hee seized power in a , ending a period of political instability and economic stagnation following the Korean War.
). He believed national wealth was the only way to ensure survival against the threat from North Korea. 2. The Economic Miracle: A State-Led Revolution