Updates on UNCURK and UN member departures, the Tae Yun Gak Hotel fire, reaction to the Special Law on National Security and Defense, and Japan's continued economic aid to ROK and discontinuation of ties with North Korea.

A report of the United Nations Commission for the Unification and Rehabilitation of Korea, covering the period from 19 August 1972 through 30 August 1973.

The United Nations Press Section releases an announcement on the Consultative Group meeting on development assistance to the Republic of Korea in Tokyo on 28 and 29 October, 1971. ROK Deputy Prime Minister Kim Hak Yul announces the Third Five Year Plan, which targets increased financial stability through investment financed by ROK savings and adjusting state policies.

In the first three quarters of FY 1971, the ROK economy has experienced increased inflation, an export deficit , and a decrease in industrial and textile production.

In the election campaigns, the NDP is focusing on the corruption of the DRP, and the DRP is focusing on continued economic and political stability with Park Chung Hee's third election.

UNCURK members meet with Kim Dae Jung, who states his key issues for the election: ROK democracy, corruption within intelligence collection, suppression of opposition parties by the ruling party, and unification. UNCURK member observe that Kim's party is weak because of party factionalism. Additionally, President Park Chung Hee announces his run for third term and emphasizes economic and political stability.

President Park Chung Hee reiterates that his main priority is the South Korean economy. He believes that a strong economy will allow for unification and stronger national security. Additionally, Park believes that the power balance in East Asia will depend on China's progress.

Kuzbari writes about the upcoming elections in South Korea and reports that a new political party called Nationalist Party has formed in opposition to the NDP. Regarding trade, the ROK government is opening trade relations with non-hostile communist countries. And regarding relations with North Korea, an ROK fishing boat was attacked by North Koreans due to possible spy activity.

In a drastic change from previous policy, President Park Chung Hee called for the peaceful reunification of the peninsula. One of the prerequisites would be North Korea's uneqivocal acceptance of the competence and authority of the UN. Some believe that the strength of the ROK economy and SALT program may have prompted Park's change in attitude.

Principal Secretary of UNCURK Kuzbari updates Chef de Cabinet C.V. Narasimhan on the forthcoming UNCURK report, announcement of a new opposition party, and ROK's plan to exchange trade with some Communist countries.