Park Chung-hee

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Park Chung-hee (30 September 191726 October 1979) is a former president of the Rebublic of Korea.

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  • In May 1961 when I took over power as the leader of the revolutionary group, I honestly felt as if I had been given a pilfered household or bankrupt firm to manage. Around me I could find little hope of encouragement. The outlook was bleak. But i had to rise above this pessimism to rehabilitate the household. I had to destroy, once and for all, the vicious circle of poverty and economic stagnation. Only by reforming the economic structure would we lay a foundation for decent living standards.
    • Frank B. Gibney, An economy in armor; in Korea's quiet revolution (New York: Walker and Company, 1992), 50.

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