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Sun, December 5, 2021 | 08:25
Iron and steel helped Korea’s industrial takeoff
In the early 1960s, Korea was targeting the establishment of the “Integrated Plant for Iron and Steel Production” strategy, not exactly a conceivable concept for an agrarian economy like Korea which at that time lacked capital, technology, manpower, and iron ore deposits. As a typical poverty stricken economy, Korea had yet to experience a simple transition from less to more ...