Title:Economic Development Series (3rd Issue) 
(View Souvenir Sheet)
Has No Title
Stamp Serial#
731 
KPC#
C-475 
MICHEL#
758 
StanGib#
912 
Scott#
745 
Date of Issue
03/05/1971 
Quantity
2,000,000 
Denomination
10 won 
Design
Bee & coins (Increases savings) 
Designer
Kim Sung-sil 
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 the 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 ecnonomic rehabilitation so far achieved by this country, in a serial form, three kinds at each time. The first two of the series have already been issued, and the following three shall be released on this third and last occasion:
   1. Increase in Gross National Income: Korea has achieved a record high economic growth and development in the 1960`s unprecedented in her history. The remarkable rate of economic growth may well be compared with any other country in the world. Per capital income, which barely exceeded U.S. $84 (11,685 Won in Korean currency) in the year of 1961, has jumped to a whopping $223.30 (81,807 Won) in 1970, placing the country in the ranks of semi-advanced nations.
   2. Increased Savings: Through the successful implementation of the two consecutive five-year economic development plans (1962-1971), our national economy has managed to lay a firm foundation on which to build a self-sufficient economy. The drastic increase in the amount of savings also has played one of the most important roles in making our efforts a success. The amount of savings, deposits, which reached not more than 26,800,000,000 Won as of the end of 1962, has increased drastically since the realistic adjustment of interest rates in 1965, topping 745,400,000,000 Won at the end of 1970.
   3. Road Construction: To meet the constantly increasing demand for traffics, the government has all along exerted itself for the improvement and trimming of the nation`s highway network in good shape. Expressways linking Seoul with Inchon and Pusan, and another from Taejon to Chonju have already been built, and hard construction work is under way for nine other expressways, including the unfinished part of the Honam Expressway, to realize what is known as a one-day living sphere. The total length of highways of the country, which stood at 22,650km in 1961, has been expanded drastically to a whopping 37,168km in the year of 1970.