ParkChunghee

Park Chung Hee (Korean: 박정희, IPA: November 14, 1917 – October 26, 1979) was a South Korean politician and army general. After seizing power in the May 16 "coup" of 1961, he was then elected as the third President of South Korea in 1963. He ruled the country until his assassination in 1979.

Before his presidency, Park was the second-highest ranking officer in the South Korean army. His coup brought an end to the interim Second Republic of Korea. After serving for two years as chairman of the military junta, he was elected president in 1963, ushering in the Third Republic.

Park began a series of economic reforms that eventually led to rapid economic growth and industrialization, a phenomenon that is now known as the Miracle on the Han River. This made South Korea one of the fastest growing economies of the 1960s and 1970s. This era also saw the formation of chaebols: family companies supported by the state similar to the Japanese zaibatsu. Examples of significant chaebols include Hyundai, LG, and Samsung.

Economic impact

Park has been recognized and respected by many South Koreans as an exceptionally efficient leader, credited with making South Korea economically what it is today. Park led the Miracle on the Han River, a period of rapid economic growth in South Korea. Under Park's rule, South Korea possessed one of the fastest growing national economies during the 1960s and 1970s.

There were also many economic feats established during Park's regime, including the Gyeongbu Expressway, POSCO, the famous Five-Year Plans of South Korea, and the New Community Movement.

Coup General Park Chung Hee was top 1st ranking officer of Workers' Party of South Korea before and he have judgemented of capital punishment but he was take forgiveness from Chief of Staff of the Army.