07.02.01 Education and further education institutions
Education and further education institutions
Being entirely ruined by Korean war in 1950, Korea has rapidly industrialized since 1961, when all-our efforts for economic development were first inaugurated. That year, the government systematically arranged mid-and long-term economic development plans, which turned the nation from being a traditional agricultural county into one of industrialized countries.
For instance, Korea's gross national product increased from USD 3.1 billion in 1960 to USD 8.1 billion in 1970 to USD 457.6 billion in 2002 (a 257 fold growth in three decades).
As a sign of its financial success, Korea successfully hosted the 1988 Seoul Oympiad and the 2002 World Cup.
Besides, national product per capita surpassed USD 10,000 in 1995, reaching USD 10,548 in 1996, a 134-fold increase. But the unprecedented economic crisis in 1998 decreased the number to USD 7,000. Despite that, Recorded USD19,231 in 2008, Korea is fastly recovering the difficult situations.
In the mean time, the number of people eligible for medical insurance rose sharply, leading to a steep increase in medical institutions and medical manpower available.
Thus,the pattern of the domestic demand for medical equipment changed dramatically as the national average life span jumped to 75 years in 2007, from 52.3 years in 1960.