Economy of South Korea

Koreans are the same as anyone else. Their rise out of poverty in the face of such circumstances to democratic capitalism underlines the theme of our age. ~ Michael Breen

The economy of South Korea is the 4th largest in Asia and the 11th largest in the world. It is a mixed-economy dominated by family-owned conglomerates called chaebols.

Quotes

• Countries are different, but people are people, and the Koreans are the same as anyone else. Their rise out of poverty in the face of such circumstances to democratic capitalism underlines the theme of our age.
  • Michael Breen, The New Koreans: The Story of a Nation (2017), New York: St. Martin's Press, p. 16

External links

• Encyclopedic article on Economy of South Korea on Wikipedia