Quote:
Originally Posted by OldDutch
Kinda not quite. South Korea was poverty stricken until the dictatorship implemented economic reforms that saw the country grow in the 60s and 70s. They emulated Japan in that they picked winners and invested heavily in them. Most are the common brands you see today.
1987 ended the dictatorship. 1988 Olympics was a showcase. I am not condoning anything, modern Korea has issues, but its place in the world is undeniable. Lots owing to that period.
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They grew somewhat in 60s and 70s from bottom of the barrel 3rd world to normal 3rd world - but its the late 80s where they really started growing.
Up until 1985 there were basically Mexico in terms of GDP per capita, now they are 3.5 times higher.
https://datacommons.org/tools/timeli...inal_PerCapita