The Five-Year Economic and Social Development Plans (경제 사회 발전 5개년 계획) were a series of economic development projects in South Korea.
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👉 Five-Year Plans of South Korea in the context of Second Republic of Korea
The Second Republic of Korea (Korean: 제2공화국; RR: Je-i Gonghwaguk; lit. "Second Republic") was the government of South Korea from June 1960 to May 1961.
The Second Republic was founded months after the April Revolution mass protests against President Syngman Rhee, succeeding the First Republic and establishing a parliamentary government under President Yun Posun and Prime Minister Chang Myon. The Second Republic ended Rhee's authoritarianism and repression, formed a liberal democracy, and formulated the first Five-Year Plans to develop the formerly neglected economy. After thirteen months it was overthrown by the South Korean Army in the May 16 coup led by Park Chung Hee. The Second Republic was replaced by a provisional military government under the Supreme Council for National Reconstruction, leading to the Third Republic of Korea.