Two Steps Forward, How Many Back?

A backlash against reforms may slow the economic opening SOUTH KOREA

It has been a hectic three years for South Korea's President Kim Young Sam. Since he took office in February, 1993, after campaigning for sweeping reforms, Kim has cracked down on money politics, purged old-guard military leaders, and freed up the economy to new domestic and foreign competition. In response, the country's gross domestic product has soared an average 7.8% annually, pushing per capita income past $10,000.

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