Main Aspects of Recovery of the South Korean Economy in 1953-1960

The article describes the main aspects of the recovery of the South Korean economy under President Lee Seung-man in 1953-1960. The choice of chronological framework is due to the end of the devastating Korean War which caused serious damage to the economy of the Republic of Korea, and the resignation of Lee Seung-man. The article 30pays special attention to the role of the US economic assistance policy, especially to the gratuitous investments aimed at restoring the South Korean economy. The relevance of the research is due to the significance of the period after the end of the Korean War, which is characterized by the building of relations between state authorities and financial and industrial groups, as well as participation of foreign capital in this process. As a result of the research, the author comes to conclusion that in order to overcome the crisis, the Korean leadership focused on the rise of financial and industrial groups and raising primarily American capital to the South Korean economy.