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Korea was under Japan’s rule for six years. After 1945 Korea gained independence from Japan, but the war between Korea broke out, which damage the economy significantly. Now talking about Korea, it is essential to know that what is success? Success has a different meaning for different minds. It can be said that success is accomplishing goals., maybe for someone, it is to be able to achieve something or attain something. For Korea, Success is to arise from nothing and to become something valuable in the economy. Korea’s success was not overnight, they worked hard for it, and in days, their economy rose from zero. Korea faced significant issues like :
Poverty
Slow Growth
Corruption Issue
Pollution
Bad Foreign Relationships
Political Issues
After facing such challenges and issues, South Korea is now leaving behind many prosperous countries and underdeveloped countries. According to data South Korea is currently listed in the top countries with the best exports. Its Gdp raised from 25% to 56% from 1995 to 2012. Some success factors helped South Korea to move forward and become a role model for other underdeveloped countries. The chart below shows South Korea’s growth from 1996–2015.
