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Korean economy is an economic system based on capitalism. Due to the scarcity of naturally endowed resources, however, it is unable to turn away from the heavy structure dependent on its import. This means that Korean economy is vulnerable to changes of international economic environment. While overcoming this difficulty, Korea has to accomplish two other tasks such as maintaining her sustained economic growth and resolving the security issue. In order to achieve these objectives, following things need to be effected First, equal distribution of income needs to be ensured through payment of adequate amount of wages to the workers. There should be a more democratic and rational organization of labor to improve the legal status of the workers. Second, we should not forget the fact that national security is likely to be threatened without ensuring the social and political stability. Third, making appropriate achievement of national economy requires economic growth, economic stability, equality of income distribution, and more balanced insdustrial structure. In addition to all these things, the more important thing is that a new value system should be established through correct understanding of right utilization of available resources, the workers’ motivation, technological improvement, and savings which is the source of investment capital In order to resolve the issues confronting the Korean economy, the precondition is reaching national consensus and operating on its basis in the soico-political aspects as well as in the economic respect. It is worthwhile, we think, to re-emphasize the fact that the most important task is to re-evaluate and re-set the structure of our national awareness or the ideology.
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