In which year did South Korea launch its first Five-Year Economic Development Plan?
Answer and explanation
Correct answer: C. 1962, under Park Chung-hee
- Step 1: Park's government took power in a coup in 1961. Step 2. The plan began in 1962 and set targets for industry and exports. Answer: 1962, under Park Chung-hee. Why not the others: The other years fall under different governments and plans.
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