Just a couple of decades ago, South Korea was a hugely underdeveloped country with a mostly uneducated population and an economy that was performing worse than the North Korean one. Today, South Korea is one of the most developed countries in the world - and its transformation has been nicknamed the "Korean Miracle". But this miracle came with a price...
This video gives an overview of South Korea's economic development after the Japanese occupation era and after the division of the country, focusing on their methods of rapid industrialization and policy of giving special treatment to chaebols (wealthy family/clique-owned huge corporations) and methods of educating their workforce, and the impacts these policies had in the early stages of their economy and society vs. the effects it now has in their present-day economy and society.
A similar video by the same channel: The Dark Side of Japan: The Lost Generation about a generation of jobless people in Japan (people born since the 80's) in the wake of Japan's economic boom period
afellowkid in korea
The Dark Side of South Korea's Incredible Economic Success
https://www.youtube.com/watch?v=7a9n_9OHzHkThis video gives an overview of South Korea's economic development after the Japanese occupation era and after the division of the country, focusing on their methods of rapid industrialization and policy of giving special treatment to chaebols (wealthy family/clique-owned huge corporations) and methods of educating their workforce, and the impacts these policies had in the early stages of their economy and society vs. the effects it now has in their present-day economy and society.
A similar video by the same channel: The Dark Side of Japan: The Lost Generation about a generation of jobless people in Japan (people born since the 80's) in the wake of Japan's economic boom period