South Korea's economic miracle
How a poor, war-ravaged nation became a global economic powerhouse. We hear the memories of Dr Kongdan Oh, who grew up in South Korea in the 1950s.
An eyewitness account of how a poor, war-ravaged nation became a global economic powerhouse. We hear the memories of Dr Kongdan Oh, who grew up in South Korea in the 1950s, in the aftermath of the Korean War. The country had been left devastated by the conflict. Then, in the early 1960s, South Korea's new military leader, General Park Chung-hee, launched an ambitious national drive for rapid economic growth. For many, it marked the start of South Korea's economic transformation.
Photo: South Korean labourers balancing baskets of coal, while working inside the grounds of a factory. Busan, 1967 (Keystone/Hulton Archive/Getty Images)
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