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The Saemaul Undong (Korean: 새마을운동), also known as the New Community Movement, New Village Movement, Saemaul Movement or Saema'eul Movement, was a political initiative launched on April 22, 1970 by South Korean president Park Chung Hee to modernize the rural South Korean economy.
Business and economy. Land reform in the Philippines. President Bongbong Marcos signs into law the New Agrarian Emancipation Act, canceling over ₱57.56 billion (US$1.04bn) in agricultural debt for more than 500,000 farmers. (AFP via CNA) 2021–present United Kingdom cost-of-living crisis
In 1970, Minneapolis-based International Multifoods Corporation, one of the world's largest and most successful food companies, acquired Mister Donut and its franchising concept from Winokur. [5] The first Mister Donut outlet in Japan opened in Minoh, Osaka in 1971. Also in the same year, a Mister Donut training center was constructed in Japan.
Bilateral relations between South Korea and the Philippines were established on March 3, 1949 upon the recognition of Republic of Korea as a sovereign state by the Philippines. The Philippines was the fifth state to recognize the Republic of Korea and the first ASEAN country to establish relations with the new nation.
The master plan is envisioned to be completed in four phases, from 2004 to 2014; ₱5 billion will be needed for the plan's first five years, and another ₱8 billion for the plan's latter half. [7] A design contest was held in 2005 to design the first two clusters.
In the wake of the devastating 1950 Korean War, South Korea was one of the poorest countries in the world. [3] The war destroyed two-thirds of South Korea's national production capacity and sent unemployment rates soaring. In 1961, nearly a decade after the war’s end, South Korea's per-capita GNP remained a meager $82.
The history of Korea's semiconductor industry began in 1965. [2] In 1983: South Korea became the third country in the world to develop 64K DRAM after the U.S. and Japan. In 1992: South Korea rose to the top of the DRAM market. In 2013: South Korea commercialized the world's first 3D V-NAND flash memory.
Aware of the fast food chain's success in North America and its increasing presence in other parts of the world, Yang researched fast-food business operations; in 1974, he contacted McDonald's headquarters in Illinois regarding a proposal for rights to open outlets in the Philippines.