effort propelled the National Assembly to pass the amendment of the Bank of Korea Act in 2003, which stipulated that the vice-governor of the central bank sit on the Monetary Policy Committee and the central bank decide on its own budget except for expenses on salary and wages. He attempted to redenominate the Korean currency to the ratio of 1,000:1, but the effort did not come to fruition. Personal life Park donated to his alma mater, Baekseok Elementary School to build a library with an auditorium, and to another one of his alma mater, Iri Technical High School. He was awarded the Distinguished Alumni Award on June 4, 2004, from his alma mater, the State University of New York at Albany. On May 19, 2007, he received the Honorary Degree of Doctor of Humane Letters at the Spring Commencement. During the 19th presidential election of the Republic of Korea in 2017, he aided in President Jae-in Moon’s election as the chairman of his advisory committee. He has been married to Youngha Kwon since 1963 with two sons and three daughters. Books Park has published 11 books in Korean. His most notable publication is The Theory of Economic Development, published in 1977, which was widely used as a college textbook for 30 years in Korea. 1969 The Theory of Korean Economic Development, Ilsinsa 1976 The Theory of Economic Development (1990 and 2000 Revised Edition), Pakyoungsa 1982 S. S. Kusnetz, Yoopoong Publishing Company 1983 The Theory of Korean Economic Policy, Pakyoungsa 1987 Modern Economic Growth (originally written by Simon Kuznets, Joint translation), The Korea Economic Daily 1996 The Two Faces of Korean Economy, Golyeowon 2006 The Dynamic of Korean Economy Comes From Crises, Bank of Korea 2010 Looking at the Sky, Looking at the Stars (Autobiography), The Hankook Ilbo 2011 Thinking About Dae-Jung Kim (co-author), Samin 2012 Don't Be Afraid, Youth (co-author), The Hankook Ilbo 2012 The One Thing I Regret In Life (co-author), Wisdom Kyunghyang Honors 1964 The Cabinet Secretary General Award, Republic of Korea 1969 The Minister of the Economic Planning Board Award, Republic of Korea 1987 Order of Civil Merit, Magnolia Medal, Republic of Korea 1989 The First Order of Civil Merit, Republic of Korea 2004 Distinguished Alumni Award, State University of New York at Albany 2007 Honorary Degree of Doctor of Humane Letters, State University of New York at Albany 2011 Distinguished Jeollabuk-do Person Award 2014 Distinguished Alumni