Korean political records

1973 projections

Korea’s HCI Plan: Target or Result?

Compare Korea’s HCI planning records, identify changing denominators and test what a projected export share can establish about a later industrial result.

Original learning diagram distinguishing a reported base value from a projected target.
27%
Reported 1972 export share
65%
Projected 1981 export share

The short answer

An economic plan can be precise without describing an accomplished result. Before comparing its percentages, establish what each number divides and whether it refers to a base year or a target.

Compare the records

Match each conclusion to its evidence

Preserve the document’s date, author and object.

A research aid for the selected historical records.
RecordSupported readingUnwarranted inference
Later planning textReported base and projected export share.A verified endpoint or causal effect.
Earlier-plan overviewSeparate manufacturing and manufactured-export ratios.One interchangeable percentage series.

Chronology

A timeline of the turning points

  1. Earlier plan approved

    Its ratios need their own denominator labels.

Start with the document’s verb

The Economic Planning Board’s December 1973 text reports heavy and chemical products at 27% of exports in 1972 and projects 65% in 1981. It envisages private initiative supported by government finance, industrial sites and technical workers.

The two percentages occupy different evidential positions: a reported starting observation and a future objective. Placing both on a line labelled “actual performance” would silently turn a policy intention into a statistical result. The exact-looking endpoint is no protection against that error.

Sources for this section: [1]

An earlier plan has a different denominator

The National Archives overview describes the 1972–76 Third Five-Year Plan, approved in 1971. It gives planned heavy-and-chemical shares of manufactured exports rising from 14% to 33%, and separate shares of manufacturing rising from 35.9% to 40.5%.

Those are two different ratios even within the same overview. Neither should be spliced automatically onto a later series that says simply exports. A defensible comparison needs the original classification and denominator, as well as the year. A larger percentage may reflect a different population rather than a stronger outcome.

Sources for this section: [2]

Industrialisation required institutions

The later plan names specialised industrial bases and six broad industries: steel, nonferrous metals, shipbuilding, machinery, electronics and chemicals.

The earlier-plan overview describes wider ministerial participation and links industrial expansion to technical education and research.

Nam Duck-woo later headed the Economic Planning Board.

This places the policy in an administrative and productive system. A minister’s later appointment does not make him the author of every earlier planning sentence, and listing a proposed site does not prove that its facilities were completed. The texts illuminate how officials expected transformation to occur; separate completion and output records would be needed to assess execution.

Sources for this section: [1] · [2] · [3]

Worksheet: repair a misleading chart

Invented catalogue note: “This chart proves that the policy raised the share from 27% to 65%.” Diagnose two errors, then rewrite it. Calculate the difference in percentage points and explain whether that calculation supplies the missing historical evidence.

Reference answer: the note substitutes a projected endpoint for an observed result and asserts causation without an evaluation. A defensible label is “reported base-year share and planned endpoint”. The difference is 65−27=38 percentage points. That arithmetic describes the gap between two stated numbers; it does not demonstrate that the later target was reached. Before drawing a performance graph, obtain a comparable outcome series and document its coverage.

Sources for this section: [1]

What to record in your research notes

Use separate columns for document date, reference year, denominator, observed/projected status and implementing institution. Leave the outcome cell empty when the selected record does not supply it. This is more informative than filling the cell with the target or assuming that a later publication converts a forecast into an observation.

Sources for this section: [1] · [2]

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Biography context

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Quick answers

Common questions

Does calculating the gap establish success?
No. A subtraction cannot supply an unobserved outcome or establish a policy’s causal effect.

Primary and institutional sources

How this history was checked

Read the selected records alongside the comparison, then test what each document can establish. This article was reviewed on 30 October 2026.

  1. Economic Planning Board, via National Institute of Korean HistoryHeavy and chemical industrialisation plan, December1973
  2. National Archives of KoreaThird Five-Year Plan: institutional overview
  3. Lee Hyeon-jin, Encyclopedia of Korean Culture / AKSNam Duck-woo