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 * Korea's government initiates the First Korean Five-year Economic Plan by first redistributing previously Japanese-owned lands and abolishing the landlord class. It aims to develop the agricultural and energy industries such as coal and electric power; the development of heavy industries such as petrochemicals, cement, iron and steel, automobile-manufacturing, and shipbuilding; and lastly, the expansion of capital such as roads, railways, and ports. As Korea lacks a sizeable domestic market, the government promotes economic growth through labor-intensive manufactured exports, in which Korea could develop a competitive advantage. Korea encourages the inflow of foreign funds due to the similar lack of domestic savings. The Korean government introduces family planning programs and encourages the use of birth control. Human capital, specifically those relating to education, is invested in. In addition, science and technology are heavily promoted. The reconstruction of the, the revival of Korean Buddhism, and the promotion of Confucian values begins as a symbol of restored national pride.