Economy Quote by Lee Myung-bak

“The South Korean economy is a paradox: it is utterly capitalist, yet at the same time it is in some ways still a command…

— Euny Hong

“Korea has no natural resources and very little arable land. Compounding the problem is that labor costs have risen so dramatically in the last…

— Euny Hong

“Why did Park Chung-Hee launch his political career in 1961 by lambasting Korean history? Why did he follow up two years later by saying,…

— Chong-Sik Lee

Our vision is to have the Seoul citizens produce and efficiently consume energy.

— Park Won-soon

Seoul has many good tourism resources, including nature, history and people. To take advantage of these, we have to make efforts, to preserve nature,…

— Park Won-soon

Koreans stuck to their traditional way of life without knowing what was going on outside the country. We were like frogs in a well.

— Park Chung-hee

“During the 1950s, South Korea was “the poorest, most impossible country on this planet,” according to a long-time advisor to President Park Chung-hee, Kim…

— Daniel Tudor

Up until the end of the Bush Administration, there was indifference to the North Korean suffering under Kim Jong-Il.

— Ed Royce

“For the first time in Korea history—perhaps in any nation’s history—the Korean government is putting huge financial and political resources behind something as intangible…

— Euny Hong

Korea achieved economic development in a short span of time, which is why competition can be more intense here than in other countries.

— HoYeon Jung

“If our troubles were purely the result of US imperialism, why weren’t South Koreans starving too?”

— Masaji Ishikawa

“The government in North Korea is a communist dictatorship opposed to private property and markets. But it is difficult to control black markets, and…

— Daron Acemoğlu