1. History Of Korean Economy
... situation either. The Vietnam War provided economic opportunity at the right time. Korea was in dire need of new sourced of foreign exchange. Another was the construction boom in the Middle East, which came just as the Vietnam War winding down (Eckert et al., 1990, p. 411). Although the economic growth was substantial and successful in monetary terms, it was not a completely sustainable ... market. Korea's trend of close-tie relationship of bureaucracy and business generated some problems. The large business conglomerates or chaebal created a huge gap between the top income groups from ...
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