Primitive Capital Accumulation and Agriculture
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By the end of the 1950s, especially after US economic assistance was drastically cut and replaced by loans, the vulnerability of South Korean national capital was exposed. National capital in this period already had characteristics of monopoly capital in terms of its status in the market, in supply of raw materials, control of finance, and so on. However, it was different from current Korean chabol capital because of its mercantile characteristics (Byun, H.Y., 1985, p. 215; Chung, Y.H., 1981, p. 148).
KeywordsTenant Land Farm Household Land Reform Urban Migration Lower Stratum
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