Editing Roh Tae-woo (section)

===Economy and infrastructure===
Roh's emphasis on "economic growth with equity," although well received by the public, led to the dwindling in the annual economic growth rate from the high of 12.3 percent in 1988 to 6.7 percent in 1989. As labor strikes and demands for higher wages intensified, the Roh government imposed an austerity plan to keep South Korea's export-oriented economy more competitive internationally. However, pursuit of higher wages in the wake of the strikes and the appreciation of the [[South Korean won]] in value against the U.S. dollar made South Korean products less competitive internationally.

His policies cancelled debt in rural areas, constructed two million new houses, and established public land ownership for the public interest. In addition, under his administration, large-scale national projects such as [[Incheon International Airport]] opened in 2001 and the [[Korea Train Express]] (KTX) high speed rail system opened in 2004. Both of these began construction under his administration in 1992.<ref>{{cite news |date= 26 October 2021|title= Former President Roh, a key man in military coup and witness to democratization
|url= http://www.koreaherald.com/view.php?ud=20211026000873&np=2&mp=1|access-date= 27 October 2021}}</ref>