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The Heavy Industries

In: Korea’s Economic Miracle

Author

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  • Robert Castley

    (University of Manchester)

Abstract

The government’s Second Five-Year Plan (1967–71) adopted legislation which provided incentives for many manufacturing enterprises to move into heavy industries (see Box 9.1). Such industries were designated as ‘strategic’ which entitled them to government assistance in the form of industrial sites, foreign capital at low interest rates, financial aid for the purchase of raw materials and discounts on the use of railways, ports, gas and electricity supplies.1

Suggested Citation

  • Robert Castley, 1997. "The Heavy Industries," Palgrave Macmillan Books, in: Korea’s Economic Miracle, chapter 9, pages 252-290, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-25833-8_10
    DOI: 10.1007/978-1-349-25833-8_10
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