Third Republic of South Korea [SEP] dissolved or abolished
Third Republic of Korea
The Third Republic of South Korea was the government of South Korea from December 1963 to November 1972.
The Third Republic was founded on the dissolution of the Supreme Council for National Reconstruction that overthrew the Second Republic and established a military government in May 1961. Park Chung-hee, the Chairman of the Supreme Council, was elected President of South Korea in the 1963 presidential election. The Third Republic was presented as a return to civilian government under the National Assembly, but in practice was a dictatorship
the presidential election of October 1963, and replaced Yun Posun as the President of Korea. The Supreme Council was officially dissolved upon the inauguration of the Third Republic of Korea on 17 December 1963, ending the three-year constitutional vacuum.
Economy.
The Supreme Council prioritized the economic development of South Korea and was the first South Korean government to introduce economic planning, with the first South Korean five-year plan inaugurated in 1962. Although the Second Republic had laid the groundwork for such economic plans, it had not