Modern South Korean History in Nutshell

business initiative directions

The economic story of South Korea is one of the most extraordinary in modern history. Fifty years ago, South Korea was attempting to recover from a devastating war, and was on par with some of the poorest countries in the world for life expectancy and economic output.

Today, South Korea beats the EU in terms of GDP per person. It is the only country ever to make the transition from being totally dependent on development aid to rich within one working generation. Continue reading