“In May 1961 when I took over power as the leader of the revolutionary group, I honestly felt as if I had been given a pilfered household or bankrupt firm to manage. Around me I could find little hope of encouragement. The outlook was bleak. But I had to rise above this pessimism to rehabilitate the household. I had to destroy, once and for all, the vicious circle of poverty and economic stagnation. Only by reforming the economic structure would we lay a foundation for decent living standards.”
As quoted in An economy in armor; in Korea's quiet revolution https://books.google.com/books?id=yJZKpYXh2SAC&printsec=frontcover&dq=the+two+koreas&hl=en&sa=X&ei=4QMiVa7UCsu3sAWQxoAg&ved=0CB0Q6AEwAA#v=onepage&q=the%20two%20koreas&f=false (1992), by Frank B. Gibney, New York: Walker and Company, p. 50
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Park Chung-hee7
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