Word: hee
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...More than 250,000 people lined the sandy banks along the Susongchon River north of Pusan. "We should not delay the national task of modernizing Korea," President Chung Hee Park, 49, told them. "If we stop working now, Korea will waste another 20 years catching up." One hundred fifty miles away in Seoul, Old Campaigner and ex-President (1960-62) Posun Yun, 69, stirred another crowd of 250,000 by warning that Park's economic policies were wrecking the country. What is more, Yun charged, Park's government was "sick with corruption, irregularities and dictatorial authoritarianism...
...chosen few to whom Rhee doled out, at the low official exchange rate, precious U.S. dollars that had been acquired by sales of valuable tungsten. For his profitable dealings in "tungsten dollars," Lee was branded an "illicit profiteer" when Rhee was overthrown in 1961 by Chung Hee Park. He fled to Japan, returned to Korea and resumed operations after Park decided he needed Lee's ability and overseas business contacts to help modernize South Korea. Lee was forced to pay $4,400,000 in back income taxes and tax-evasion penalties, and his shares in three banks were confiscated...
...months of construction, involved Lee in further controversy, however. In the midst of construction, chemicals that had entered the country duty-free for use in fertilizer making were sold to a saccharin-processing firm at a $40,000 profit. As a result, Lee's son, Chang Hee Lee, was sentenced to five years in prison for smuggling; he is appealing...
Winning the West. Under President Chung Hee Park's six-year-old government, South Korea is constructing a political and economic base that is the envy of its Asian friends. Factories and homes are sprouting in Seoul (pop. 3,700,000) and other cities. New roads are piercing deep into the harsh hills of the interior. "When we hammered in the spikes for a new railroad recently," said Deputy Prime Minister Key Young Chang last week, "I was reminded of American cowboy movies and the winning of the West...
...Southwest sun all their days. Rumors spread that Peter Hurd would be selected to do the President's official portrait, but the first Hurd knew about it was when he went to the White House in May 1965 and was introduced by Johnson to South Korean President Chung Hee Park. "I want you to meet my friend Peter Hurd," said L.B.J. "He is going to do my portrait." Shortly afterward, Hurd, now 62, received a letter from the White House Historical Association officially awarding him the assignment-at $6,000, half his usual...