Imagine your country has just been ravaged by a civil war between North and South for three years.
621,000 soldiers casualties, 1 million civilians killed, wounded, and missing. That's 2 out of every 10 citizens affected nationwide.
The civil war has also resulted in 10 million families being displaced, 300,000 widowed women, and 100,000 children orphaned.
Economically devastating, half of the industrial infrastructure is destroyed. People are plunged into extreme poverty, making the country one of the poorest in the world.
With scarce natural resources and only 30% of the land suitable for farming with outdated agricultural techniques.
On the war front, your powerful northern adversary only signs a ceasefire agreement, theoretically able to resume hostilities at any time.
They never tire of war, bolstering their arsenal with nuclear missiles and long-range artillery capable of devastating your capital in just 5 minutes if they wish.
In such dire economic circumstances, amidst constant political and war risks, it seems your country has no chance.
However, in just 30 years, from a nation entirely reliant on foreign aid to survive, your country has astonished the world with a miraculous resurgence since the 1960s.
What powerful reforms have transformed your nation into an industrial and service powerhouse?
What reasons propelled your GDP from the bottom ranks to the Top 15 globally?
What lessons has this nation become an ideal model for other developing countries to learn from?
Today's story is about South Korea and how they dragonized.
00:00 - Post-war 1953-1961
05:41 - Park Chung Hee
07:20 - Foreign Relations
10:15 - Chaebols
15:00 - The People of South Korea
18:18 - Results and Lessons
SStock Investment Efficiency Stable Over 3 Years
Year 2024: Target Profit is 25%
Past Performance
Year 2023: Actual Profit is 19%
Year 2022: Actual Profit is 22%
Year 2021: Actual Profit is 30%
If you're interested in SStock investment, text this phone number: +84 38 3371352.
Негізгі бет How Did South Korea Dragonize Its Economy?
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