reaction which called for a radical restructuring of society and a thorough political and economic reorganization, rejecting the model being pursued by the governing elite.
General Chang Do-yong served as the first Chairman of the Supreme Council from May to July 1961.
civilian government of the Second Republic on 12 May 1961. The plot was aborted after being leaked, however, the military attempted another coup four days later on 16 May which was successful, dissolving the Second Republic. They proceeded to broadcast a proclamation outlining the policy objectives of the coup, including anti-communism, strengthening of ties with the United States, the elimination of political corruption, the construction of an autonomous national economy, Korean reunification, and the removal of the present generation of politicians. Park and his supporters subsequently established the Military Revolutionary Committee as a military junta government, later renamed the Supreme Council for National Reconstruction. President Yun Posun, who had sided with the coup, was retained in his position as a theoretic figurehead. General Chang Do-yong, then Army Chiefs of Staff, was installed as the Chairman of the Supreme Council, while Park became the vice-chairman. However, the power struggles within the Supreme Council allowed Park to engineer the gradual transfer of power from Chang to himself. In July, Park officially replaced Chang as chairman, effectively becoming the de facto
dictator of Korea.
Dissolution
By 1962, Park and the Supreme Council were coming under increasing pressure by the United States administration of President John F. Kennedy to return to civilian rule, as military leaders had promised to return the government to a democratic system as soon as possible. On December 2, 1962, a referendum was held on returning to a presidential system of rule, which was allegedly passed with a 78% majority.[1] In response, Park eventually abdicated from his military position to be eligible to run as a civilian in the upcoming presidential election, despite the fact that he and the other military leaders had pledged not to run for office. Park narrowly won in the presidential election of October 1963, and replaced Yun Posun as the President of Korea. The Supreme Council was officially dissolved upon the inauguration of the Third Republic of Korea on 17 December 1963, ending the three-year constitutional vacuum.[1]
Economy
The Supreme Council prioritized the economic development of South Korea and was the first South Korean government to introduce
US dollar, mainly to prevent money laundering by fraudsters who hid large amounts of money and to weaken the economic influence of Overseas Chinese
investors on the South Korean economy.
In late 1963, the Supreme Council began the program with the government of
nurses and miners as Gastarbeiter. The costs of the nurses and miners sent to West Germany were largely paid for by the South Korean government, with only their wages and some language services paid for by their employers in West Germany. The Gastarbeiter South Koreans have since been argued as a major cause of South Korea's rapid economic growth in the late 20th century.[citation needed
]
Diplomacy
Yeosu-Suncheon Rebellion. Park's left-wing history, combined with his history as a Japanese-trained officer in the Manchukuo Imperial Army, the military of the Japanese puppet state of Manchukuo
, led many to question his true intentions despite the Supreme Council's publicly anti-communist stances. Park visited the United States in 1961 and attempted to persuade President Kennedy to approve his regime, but was instead encouraged to quickly restore civilian rule in South Korea.
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