CORPORATIONS: Power for Korea

On a trip to Korea for the American-Korean Foundation last winter, California Builder Stephen Bechtel paid a courtesy call on Coordinator C. Tyler Wood of the Foreign Operations Administration. As Wood well knew, Bechtel was there to see how Korea's orphanages and hospitals were making out. But Ty Wood had another project that he considered just as important. For months, he had been unsuccessfully trying to persuade President Syngman Rhee to approve FOA plans for three coal-burning power plants for Korea. Would Bechtel please try his hand? Bechtel agreed to see what...

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