The military government announced the First Five-Year Economic Development Plan, starting state-led economic development. President Yun Po-sun resigned, a currency reform replaced the hwan with the won, and a year-end referendum approved a new presidential constitution.
The year in Korea
Jan 13The Park government announced the First Five-Year Economic Development Plan. [Source]
Mar 22President Yun Po-sun resigned in protest against the Political Purification Law, and Park Chung Hee became acting president. [Source]
Jun 10A currency reform introduced the won at a rate of 10 hwan to 1 won. [Source]
Dec 17A national referendum approved a new presidential constitution, laying the foundation for the Third Republic. [Source]
Oct 16The Cuban Missile Crisis began, a 13-day standoff between the United States and the Soviet Union. [Source]
Songs, shows & trends
Products & services
Saenara Motor’s cars — From November it assembled Nissan Bluebirds from imported kits and sold them under the Saenara name. [Source]
Film
Film “The Man in the Yellow Shirt” — A 1962 film starring Shin Young-kyun, Um Aing-ran and singer Han Myung-sook. [Source]
Everyday life
The 19-hole coal briquette — In 1962 the standard household coal briquette had 19 holes. [Source]
Year League: the best year
Sources
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1960s · Revolution and the Start of Industrialization
