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Beyond Korean style : Shaping a new growth formula

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  • Beyond Korean style
  • Choi, Wonsik; Dobbs, Richard; Suh, Dongrok; Mischke, Jan; Chon, Eunjo; Cho, Hangjip; Kim, Boyoung; Kim, Hyunmin
  • McKinsey Global Institute


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Title Beyond Korean style
Similar Titles
Sub Title

Shaping a new growth formula

Material Type Reports
Author(English)

Choi, Wonsik; Dobbs, Richard; Suh, Dongrok; Mischke, Jan; Chon, Eunjo; Cho, Hangjip; Kim, Boyoung; Kim, Hyunmin

Publisher

[Seoul]:McKinsey Global Institute

Date 2013-04
Pages 96
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Holding MGI

Abstract

South Korea has set many records for economic and social achievement. From one of the world’s poorest nations in the 1960s, it has grown to be the 12th largest economy in GDP (about $1.1 trillion), with $30,000 of GDP per capita. It is the only nation to go from a recipient of the Organization for Economic Co-operation and Development (OECD) Development Assistance Committee’s aid to becoming a member of the donor committee. It is a global leader in the manufacture of ship building, LCD screens, mobile handsets, and memory chips, and is the fifth-largest global automaker. Its corporations have become global leaders, and its athletes win Olympic medals and golf championships. The heads of both the World Bank and United Nations were born in Korea, and the K-pop music and Korean entertainment waves have swept Asia and the world. Yet South Korea also has the highest suicide rate among OECD nations. (The rest omitted)