Park’s Engineering of a South Korean Auto Industry: Beginnings to 1979

A. J. Jacobs ()
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A. J. Jacobs: East Carolina University

Chapter Chapter 3 in The Korean Automotive Industry, Volume 1, 2022, pp 59-96 from Springer

Abstract: Abstract This chapter, “Park’s Engineering of a South Korean Auto Industry: Beginnings to 1979,” chronicles the emergence of the Korean auto industry from its beginnings to 1979. It opens with a brief review of the industry’s embryonic phase up until the Rhee Regime (1948–1960). This is followed by two sections that discuss the Park Government’s forging of the foundation for a domestic automobile industry (1961–1967) and subsequent weaning of its native automakers (1967–1972). The essay next examines Korea’s development of a gukmincha (“People’s Car”) under the direction of Park’s Heavy and Chemical Industrial Drive or HCI Plan (1973–1979). It then closes with a summary of the rise of the Korean auto industry under Park. This chapter also provides some concluding thoughts regarding the development context at the end of Park’s reign in 1979.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-86347-0_3

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DOI: 10.1007/978-3-030-86347-0_3

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