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About: 747 Plan     Goto   Sponge   NotDistinct   Permalink

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The 747 Plan(747공약) was a set of economic pledges in the 2007 campaign of Lee Myung-bak, who was elected President of South Korea. He held office from 2008 to 2013 but failed to achieve the goals. Named after the Boeing 747 aircraft, the plan pledged 7 percent economic growth, raising per capita GDP to US$40,000, and making Korea the world's seventh-largest economy. Lee's Strategy and Finance Minister Kang Man-soo is credited with the creation and design of the plan.