Title: Economic Development Series (2nd Issue) 
(View Souvenir Sheet)
Has No Title
Stamp Serial#
728 
KPC#
C-472 
MICHEL#
755 
StanGib#
907 
Scott#
743 
Date of Issue
02/05/1971 
Quantity
2,000,000 
Denomination
10 won 
Design
Fertilizer plant 
Designer
Lee Keun-moon 
Image Area
33mm*23mm 
Perforation
13 
Sheet Composition
5Ąż10 
Paper
White unwatermarked
Printer
Government Printing & Mint Agency of the Repubic of Korea 
Description
During the past 10 years, the people of this Republic of Korea have achieved remarkable progress and development through close unity and cooperation, thereby contributing a great deal to the task of modernizing their fatherland. They are further determined anew to assure a successful implementation of the Third Five-Year Economic Development Plan starting in 1972. The Ministry of Communications plans to release nine kinds of postage stamps depicting the economic rehabilitation so far achieved by this country, in a serial form, three kinds at each time. The first of the series has already been issued, and the following three shall be released on the second occasion:
   1. Coal: The government had a law enacted for the promotion of the coal mining industry in 1969, which stipulates, among others, that a total of 52,300,000,000 Won(One U.S. dollar is equivalent approximately to 310 Won) be invested in the industry during a 10 year period. The coal production in Korea, which stood barely at 5,880,000 tons in the year 1961, jumped up to more than 12,350,000 tons in 1970.
   2. Cement: As a result of steady efforts on the part of our government for the development of the cement industry, the nation now has become able not only to meet the increasing demand for the product within the country but also to expert some of the surplus product. In 1961, cement produced by only two factories then existing in Korea amounted to not more than 510,000 tons. Due to the rapid expansion of the industry, the production capacity of eight cement plants in the country successfully topped 5,810,000 tons in 1970.
   3. Fertilizer: Owing to the sustained endeavors by both the government and entrepreneurs for the mass production of fertilizer, the production of nitrogenous fertilizer, which constitutes the major source of fertilizer supply in the country, has surpassed by far the domestic demand. Some of the surplus product came even to be exported to foreign countries. A little less than 30,000 tons of fertilizer was produced by only one factory in 1961, whereas the output jumped up to more than 582,000 tons with as many as eight plants in operation in the year 1970.