Challenges Quote by Lewis M. Branscomb

“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

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

“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

“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

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

— Park Won-soon

“Finally, when growth comes under extractive political institutions but where economic institutions have inclusive aspects, as they did in South Korea, there is always…

— Daron Acemoğlu

“Onerously, Korea still has not managed to wean itself off its reliance on the chaebols—the mega conglomerates like Samsung and Hyundai. True, these companies…

— Euny Hong

“There is another, bleaker reason why Korea has little reason to fear that other countries will try to emulate the K-pop export model: the…

— Euny Hong

“There is so much trade between North Korea and China that there are even goods made specifically for the North Korean market, such as…

— Daniel Tudor

From another point of view, a new situation now seems to be arising in which Japan's prosperity is going to be incorporated into the…

— Kenzaburo Oe

Korea can't become a 'first-class' nation unless regulation and 'a sense of power' disappear. The nation's politics is the fourth-class, bureaucratic are the third-class,…

— Lee Kun-hee

The Korean economic miracle was the result of a clever and pragmatic mixture of market incentives and state direction.

— Ha-Joon Chang