Manchester Map on After 1960, South Korea drastically expanded and improved its transportation system. It built a modern highway network and established a nationwide air service. Prior to 1960, rail travel was the predominant means of travel, but now the bulk of passenger travel and freight transport is via road transport. Since the early 1960s, internal air transportation has increased, with most major cities having connections. With the growth in trade, port facilities have undergone substantial expansion. To fuel its industrial expansion, South Korea borrowed heavily from international financial markets, much of which was repaid because of the success of its exports. However, Asia’s financial crisis of 199799 exposed longstanding weaknesses in South Korea’s financials. Manchester Map 2016.
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