South Korea was torn apart by civil war and a population living in poverty. Now, South Korea became one of the Asian Tigers in its economy.
South Korea’s booming economy has amazed the world. Without having natural resources such as oil or forests and its harsh geography, Korea can’t do anything.
After the civil war with North Korea that lasted from 1950 to 1953, South Korea continued to rise to build its economy to become the developed country it is today.
In addition, Professor Seong-Kon Kim, Ph.D. gave an explanation of the key to the success of the Korean economy to the participants of The 2nd ASEAN-ROK (Republic of Korea), Next Generation Opinion Leaders Program. Then, the program from the Korea Foundation on November 15-21 2015, and representatives of journalists from 10 countries attended.
Professor Seong-Kon mentions three keys to South Korea’s success as a developed economy.