ABSTRACT
This chapter describes briefly what role the law, the legislation and lawyers play in the process of economic development in Korea. Numerous economists and economic policy makers in and out of the country have theorized as to the particular force absent in other developing countries but found in those four dragons which have made such drastic economic progress. The training of lawyers in Korea begins generally at the college level. The vast majority of high school graduates come to colleges of law hoping to follow a career as a judge, prosecuting attorney or practicing lawyer. The Park Chung Hee government, after the so-called May 16th Revolution led by General Park Chung Hee and his subsequent seizure of political power, published its intention of establishing the first five-year economic development plan in January, 1962, in order to “eliminate social and economic vice and to formulate a solid basis for an independent economic development”.
