external (JP) -SK

Question 1

role of japan

Answer 1

1. provided the model for SK economy
   - chaebols a carbon copy of Zaibatsus
   - shape banking system in Korea, prominent role of state-affiliated institutions such as Bank of Chosen in large-scale finance
2. economic support
   - 1965-1970: 1.2 billion credit in both public and private
   - 1975: 200 million in economic assistance and 3 billion credit for 8 year program
   - exports to Japan worth 400 million or 25% of total trade
   - 96.6% of growth in 1972 for trade alone and 206 million of which 96% was from Japan