Second Republic of South Korea
Encyclopedia
The Second Republic of South Korea was the government of South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...

 for eight months in 1960 and 1961. It succeeded the First Republic
First Republic of South Korea
The First Republic of South Korea was South Korea's first independent government, ruling the country from 1948 to 1960. It succeeded USAMGIK, the United States military government, which ruled the area from 1945 to 1948. The First Republic was established on August 15, 1948, with Syngman Rhee as...

, but was followed by a military government under the Supreme Council for National Reconstruction
Supreme Council for National Reconstruction
The Supreme Council for National Reconstruction, initially named the Revolutionary Committee, was a military junta that oversaw the government of South Korea from May 16, 1961 until the inauguration of the Third Republic of South Korea in 1963...

.

Establishment

The First Republic was overthrown by widespread protests known as the "April Revolution
April Revolution
The April Revolution, sometimes called the April 19 Revolution or April 19 Movement, was a popular uprising in April 1960, led by labor and student groups, which overthrew the autocratic First Republic of South Korea under Syngman Rhee. It led to the peaceful resignation of Rhee and the transition...

" in April 1960. After its fall, power was briefly held by an interim administration under Heo Jeong
Heo Jeong
Heo Jeong was a Korean politician and independence activist. Heo was the sixth prime minister of South Korea during the Second Republic. He was also an acting prime minister during the First Republic...

. A new parliamentary election was held on July 29, 1960. The Democratic Party, which had been in the opposition during the First Republic, easily gained power and the Second Republic was established. The revised constitution dictated the Second Republic to take the form of a parliamentary cabinet system where the President took only a nominal role. This was the first and the only instance South Korea turned to a cabinet system instead of a presidential system. Yun Po Sun was elected as the President on August 13, 1960. The prime minister and head of government was Chang Myon
Chang Myon
Chang Myon , or John Myun Chang, was a South Korean politician and educator. He was the Vice President of the First Republic and the Prime Minister of the Second Republic...

.

Politics

The Second Republic saw the proliferation of political activity which had been repressed under the previous Rhee
Syngman Rhee
Syngman Rhee or Yi Seungman was the first president of South Korea. His presidency, from August 1948 to April 1960, remains controversial, affected by Cold War tensions on the Korean peninsula and elsewhere. Rhee was regarded as an anti-Communist and a strongman, and he led South Korea through the...

 regime of the First Republic
First Republic of South Korea
The First Republic of South Korea was South Korea's first independent government, ruling the country from 1948 to 1960. It succeeded USAMGIK, the United States military government, which ruled the area from 1945 to 1948. The First Republic was established on August 15, 1948, with Syngman Rhee as...

. Much of this activity was from leftist and student groups, which had been instrumental in the overthrow of the First Republic. Union membership and activity grew rapidly during the later months of 1960. Around 2,000 demonstrations were held during the eight months of the Second Republic.

Under pressure from the left, the Chang government carried out a series of purges of military and police officials who had been involved in anti-democratic activities or corruption. A Special Law to this effect was passed on October 31, 1960. 40,000 people were placed under investigation; of these, more than 2,200 government officials and 4,000 police officers were purged. In addition, the government considered reducing the size of the army by 100,000, although this plan was shelved.

Economy

In economic terms as well, the government was faced with mounting instability. The government formulated a five-year economic plan, although it was unable to act on it prior to being overthrown. The Second Republic saw the won
Won
Won or WON may refer to:*The Korean won from 1902–1910:**South Korean won, the currency of the Republic of Korea**North Korean won, the currency of the Democratic People's Republic of Korea* Won , the Korean form of Yuan...

lose half of its value against the dollar between fall 1960 and spring 1961. Unemployment and wholesale prices also rose during this period.
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