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#FREETRADELIES: "In Korea in The Economic Growth Years of the '70s, Spending foreign exchange on anything not essential 4Industrial development was prohibited or strongly discouraged through import bans, high tariffs & excise taxes (which were called luxury consumption taxes)... 
2. ‘Luxury’ items included even relatively simple things, like small cars, whisky or cookies. I remember the minor national euphoria when a consignment of Danish cookies was imported under special government permission in the late 1970s, for the same reason, foreign travel was
3. banned unless you had explicit govt
permission to do business or study abroad.
As a result, despite having quite a few relatives living in the US, I had never been outside Korea until I travelled to Cambridge at the age of 23 to start as a graduate student there in 1986."
permission to do business or study abroad.
As a result, despite having quite a few relatives living in the US, I had never been outside Korea until I travelled to Cambridge at the age of 23 to start as a graduate student there in 1986."
