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Word: chullima (lookup in dictionary) (lookup stats)
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...been far less successful in manipulating the economy. In 1961, he launched a seven-year plan as part of the broader "Chullima" development program-named after the legendary Korean flying horse that could cover 300 miles in a single bound. Kim has been forced to admit that his flying horse has acted more like an old grey mare, has therefore extended the deadline for the plan's vaunted goals to 1970. To get the investment he needs for development, he has quietly shifted his allegiance from Red China to Russia, which is far more able to afford North Korea...

Author: /time Magazine | Title: North Korea: A Case of Frustration | 6/2/1967 | See Source »

Warning of War. The biggest reason for Chullima's failure is the strain of North Korea's war machine on a none-too-viable economy. To support its 370,000-man army (plus an aid program to North Viet Nam that is so far limited to supplying small arms, medicines, tractors, diesel engines, psywar personnel, military advisers and 50 MIG instructors), North Korean military spending will run to a hefty $465 million this year, or 30.2% of the total national budget. To justify it, Kim tells his country that war is imminent with the U.S.-backed "imperialistic dictatorship...

Author: /time Magazine | Title: North Korea: A Case of Frustration | 6/2/1967 | See Source »

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