Kangkook Lee

Jan 16, 2024 | phenomenalworld.org | Kangkook Lee |Susannah Glickman |Tim Sahay |Kate Mackenzie

The South Korean economy is widely seen as the paragon of the East Asian miracle, characterized by its rapid economic growth and a fairly equal income distribution. The country continued its upward growth trajectory even in the aftermath of the 1997 financial crisis, emerging as a global leader in manufacturing semiconductors, automotive, and batteries. But the South Korean economic outlook has proven far less hopeful since the dawn of the twenty-first century.