Heavy-Chemical Industry Drive
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Heavy-Chemical Industry Drive
The Heavy-Chemical Industry Drive (usually shortened to "HCI") was an economic development plan enacted in the 1970s under the regime of South Korean dictator Park Chung Hee. Background During the 1960s, the Republic of Korea had experienced rapid economic growth following the assumption of power by General Park. The '' dirigisme'' policies instated by Park—nationalization of the country's banking system, and directing cheap credit to the export sector—had produced rapid development in the textiles and apparel industries. By the time of the Yusin Constitution of 1972, South Korea had gone from one of the world's poorest nations to the middle rank of countries. However, the country lacked any sort of heavy industry, and was dependent upon the United States for many raw materials and capital goods during the early years. The Korean DMZ Conflict (1966-1969) put a scare in the ROK's leadership. As the Vietnam War ground on, Park and his lieutenants faced the grim possibil ...
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Economic Development
In the economics study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives. The term has been used frequently in the 20th and 21st centuries, but the concept has existed in the West for far longer. " Modernization", "Westernization", and especially "industrialization" are other terms often used while discussing economic development. Historically, economic development policies focused on industrialization and infrastructure; since the 1960s, it has increasingly focused on poverty reduction. Whereas economic development is a policy intervention aiming to improve the well-being of people, economic growth is a phenomenon of market productivity and increases in GDP; economist Amartya Sen describes economic growth as but "one aspect of the process of economic development". Economists primarily focus on the g ...
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Shipbuilding
Shipbuilding is the construction of ships and other floating vessels. It normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to before recorded history. Shipbuilding and ship repairs, both commercial and military, are referred to as "naval engineering". The construction of boats is a similar activity called boat building. The dismantling of ships is called ship breaking. History Pre-history The earliest known depictions (including paintings and models) of shallow-water sailing boats is from the 6th to 5th millennium BC of the Ubaid period of Mesopotamia. They were made from bundled reeds coated in bitumen and had bipod masts. They sailed in shallow coastal waters of the Persian Gulf. 4th millennium BC Ancient Egypt Evidence from Ancient Egypt shows that the early Egyptians knew how to assemble planks of wood into a ship hull as early as 3100 BC. Egyptian potte ...
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1970s In South Korea
Year 197 ( CXCVII) was a common year starting on Saturday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Magius and Rufinus (or, less frequently, year 950 ''Ab urbe condita''). The denomination 197 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * February 19 – Battle of Lugdunum: Emperor Septimius Severus defeats the self-proclaimed emperor Clodius Albinus at Lugdunum (modern Lyon). Albinus commits suicide; legionaries sack the town. * Septimius Severus returns to Rome and has about 30 of Albinus's supporters in the Senate executed. After his victory he declares himself the adopted son of the late Marcus Aurelius. * Septimius Severus forms new naval units, manning all the triremes in Italy with heavily armed troops for war in the East. His soldiers embark on an ...
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Cornell University
Cornell University is a private statutory land-grant research university based in Ithaca, New York. It is a member of the Ivy League. Founded in 1865 by Ezra Cornell and Andrew Dickson White, Cornell was founded with the intention to teach and make contributions in all fields of knowledge—from the classics to the sciences, and from the theoretical to the applied. These ideals, unconventional for the time, are captured in Cornell's founding principle, a popular 1868 quotation from founder Ezra Cornell: "I would found an institution where any person can find instruction in any study." Cornell is ranked among the top global universities. The university is organized into seven undergraduate colleges and seven graduate divisions at its main Ithaca campus, with each college and division defining its specific admission standards and academic programs in near autonomy. The university also administers three satellite campuses, two in New York City and one in Education City, Qatar ...
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State University Of New York
The State University of New York (SUNY, , ) is a system of public colleges and universities in the State of New York. It is one of the largest comprehensive system of universities, colleges, and community colleges in the United States. Led by chancellor John B. King, the SUNY system has 91,182 employees, including 32,496 faculty members, and some 7,660 degree and certificate programs overall and a $13.08 billion budget. Its flagship universities are Stony Brook University and the University at Buffalo. SUNY's administrative offices are in Albany, the state's capital, with satellite offices in Manhattan and Washington, D.C. With 25,000 acres of land, SUNY's largest campus is SUNY College of Environmental Science and Forestry, which neighbors the State University of New York Upstate Medical University - the largest employer in the SUNY system with over 10,959 employees. The State University of New York was established in 1948 by Governor Thomas E. Dewey, through legislative ...
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Albany, New York
Albany ( ) is the capital of the U.S. state of New York, also the seat and largest city of Albany County. Albany is on the west bank of the Hudson River, about south of its confluence with the Mohawk River, and about north of New York City. The city is known for its architecture, commerce, culture, institutions of higher education, and rich history. It is the economic and cultural core of the Capital District of the State of New York, which comprises the Albany–Schenectady–Troy Metropolitan Statistical Area, including the nearby cities and suburbs of Troy, Schenectady, and Saratoga Springs. With an estimated population of 1.1 million in 2013, the Capital District is the third most populous metropolitan region in the state. As of 2020, Albany's population was 99,224. The Hudson River area was originally inhabited by Algonquian-speaking Mohican (Mahican), who called it ''Pempotowwuthut-Muhhcanneuw''. The area was settled by Dutch colonists who, in 1614, built Fort ...
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Economy Of South Korea
The economy of South Korea is a highly developed mixed economy. By nominal GDP, it has the 5th largest economy in Asia and the 13th largest in the world. South Korea is notable for its rapid economic development from an underdeveloped nation to a developed, high-income country in a few generations. This economic growth has been described as the Miracle on the Han River, which has allowed it to join OECD and the G-20. South Korea still remains one of the fastest growing developed countries in the world, following the Great Recession. It is included in the group of Next Eleven countries as having the potential to play a dominant role in the global economy by the middle of the 21st century. South Korea's education system and the establishment of a motivated and educated populace is largely responsible for spurring the country's high technology boom and economic development. South Korea began to adapt an export-oriented economic strategy to fuel its economy. In 2019, South Kor ...
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History Of South Korea
The history of South Korea formally begins with the Japanese surrender on 2 September 1945. Noting that, South Korea and North Korea are entirely different countries, despite still being the same people and on the same peninsula. Background Korea was administratively partitioned in 1945, at the end of World War II. As Korea was under Japanese rule during World War II, Korea was officially a belligerent against the Allies by virtue of being Japanese territory. The unconditional surrender of Japan led to the division of Korea into two occupation zones (similar to the four zones in Germany), with the United States administering the southern half of the peninsula and the Soviet Union administering the area north of the 38th parallel. This division was meant to be temporary (as was in Germany) and was first intended to return a unified Korea back to its people after the United States, United Kingdom, Soviet Union, and China could arrange a single government for the peninsu ...
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Chaebol
A chaebol (, ; ) is a large industrial South Korean conglomerate run and controlled by an individual or family. A chaebol often consists of multiple diversified affiliates, controlled by a person or group whose power over the group often exceeds legal authority. Several dozen large South Korean family-controlled corporate groups fall under this definition. The term first appeared in English text in 1972. Chaebols have also played a significant role in South Korean politics. In 1988, a member of a chaebol family, Chung Mong-joon, president of Hyundai Heavy Industries, successfully ran for the National Assembly of South Korea. Other business leaders were also chosen to be members of the National Assembly through proportional representation. Hyundai has made efforts in the thawing of North Korean relations, despite some controversy. Many South Korean family-run chaebols have been criticized for low dividend payouts and other governance practices that favor controlling shareho ...
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Environmental Movement
The environmental movement (sometimes referred to as the ecology movement), also including conservation and green politics, is a diverse philosophical, social, and political movement for addressing environmental issues. Environmentalists advocate the just and sustainable management of resources and stewardship of the environment through changes in public policy and individual behaviour. In its recognition of humanity as a participant in (not enemy of) ecosystems, the movement is centered on ecology, health, and human rights. The environmental movement is an international movement, represented by a range of organizations, from enterprises to grassroots and varies from country to country. Due to its large membership, varying and strong beliefs, and occasionally speculative nature, the environmental movement is not always united in its goals. The movement also encompasses some other movements with a more specific focus, such as the climate movement. At its broadest, the ...
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Onsan Illness
Onsan Illness () is the name for a pollution disease in Korea that occurred in Onsan-eup, Ulju-gun, Ulsan, Korea. It caused a variety of symptoms in the general public and gave rise to an environmental movement in the mid-1980s. Background In the 1970s South Korea’s dictator Park Chung Hee pushed for a heavy-chemical industry drive in an effort to modernise the country’s economy and make it less dependent on foreign imports, while encouraging foreign direct investment. The South Gyeongsang Province was one of the areas identified for industrial development along with the independently administered coastal corridor between Ulsan and Busan. From 1974 onwards, an area of 2,000 ha in Onsan - to the south of Ulsan - became home to a multitude of industrial complexes, with 12 chemical factories initially in operation. After 1990, the area grew to more than 120 factories employing over 10,000 staff. The environmental impact gained initial visibility with gas leaks in 1982 and 198 ...
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National Intelligence Service (South Korea)
The National Intelligence Service (NIS; Korean: 국가정보원, 국정원) is the chief intelligence agency of South Korea. The agency was officially established in 1961 as the Korean Central Intelligence Agency (KCIA; Korean: 중앙정보부), during the rule of President Park Chung-hee's military Supreme Council for National Reconstruction, which displaced the Second Republic of Korea. The original duties of the KCIA were to supervise and coordinate both international and domestic intelligence activities and criminal investigation by all government intelligence agencies, including that of the military. The agency's broad powers allowed it to actively intervene in politics. Agents undergo years of training and checks before they are officially inducted and receive their first assignments. The agency took on the name Agency for National Security Planning (ANSP; Korean: 국가안전기획부, 안기부) in 1981, as part of a series of reforms instituted by the Fifth Republic ...
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