The Korean Economy

South Korea's economic success has often been called a "miracle." There has been an ongoing debate about the

factors behind its success, which has attracted the interest of not only academics but also policy practitioners.

Korea's experience holds relevance for other developing countries that want to catch up with advanced economies

in a short period of time, as Korea did. A careful study of Korea's economic history is also essential to chart its future

path in the face of new challenges.