Short Term Economic Impacts on Korea
* Industry Estimates
70% textile and chemical industry
40% agricultural machinery
10% rubber industry
600,00 housing units destroyed
46.9% railroads destroyed
1,453 bridges destroyed
*Hyper Inflation
money was increased by 72%the first 3 months
90% of money increased on the 6th month
The loan was so big that only 40.6% of the revenue aid was redeemed until the end of the war
* Industry Estimates
70% textile and chemical industry
40% agricultural machinery
10% rubber industry
600,00 housing units destroyed
46.9% railroads destroyed
1,453 bridges destroyed
*Hyper Inflation
money was increased by 72%the first 3 months
90% of money increased on the 6th month
The loan was so big that only 40.6% of the revenue aid was redeemed until the end of the war