• Short Summary

    South Korea celebrated its 25th anniversary this year, and the occasion was marked by a large parade on Armed Forces Day, 1st October.

  • Description

    South Korea celebrated its 25th anniversary this year, and the occasion was marked by a large parade on Armed Forces Day, 1st October.

    In 1948, elections were held in South Korea, under the auspices of the United Nations. The elections marked the beginning of the country as it is known today. The Korean War completely disrupted the economic life of the new country, but since the end of the war, it has managed a full recovery.

    The South Korean government is stepping up its industrial development, with the hope of reaching "developed nation" status within the next ten years. The nation's industrial growth has been stimulated by foreign investment, especially from her rich neighbour, Japan. Japan was, in fast, responsible for 98 per cent of all foreign investment in South Korea in the first six months of this year.

    On the political front, the United Nations commission for the Unification and Rehabilitation of Korea recommended its own dissolution in September. The Commission, set up after the Korean War, was charged with establishing a united Korea. The Commission stated that its presence in Korea was no longer needed.

    SYNOPSIS: South Korea is celebrating its 25th Anniversary. The country came into being in 1948, when the United Nations held elections in the Southern part of Korea. On Monday, the nation observed its annual Armed Forces' Day. President Park Chung Hec was on hand to review the troops.

    The war between North and South Korea badly damaged the country's economy, but since the armistice in 1953, the country has made a full economic recovery. This year, the South Korean Government announced a ten-year economic plan. The Government hopes that if the plan succeeds, the country will achieve "developed nation" status.

    The nation's economic growth has been stimulated by foreign investment. Japan has been a particularly heavy investor in South Korea. In the first six months of this year, Japanese investment accounted for 98 per cent of all foreign investment in the country.

    Last month, the United Nations Commission, that was set up to establish a unified Korea, recommended its own dissolution, stating their presence in Korea was no longer required.

  • Tags

  • Data

    Film ID:
    VLVA2WVEWXT3TUKBUV4GIXJFGRGIK
    Media URN:
    VLVA2WVEWXT3TUKBUV4GIXJFGRGIK
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    02/10/1973
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:25:00
    Time in/Out:
    /
    Canister:
    N/A

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