Korea's Rapid Change

South Korea’s Rapid Change: How Did It Develop So Quickly? South Korea transformed from war ruins in the 1950s to become a top 10 global economic powerhouse in just half a century. This is called the ‘Miracle of the Han River.’ The key drivers were education fever (a culture of prioritizing children’s education as the primary investment), state-led industrial development policies, and the ‘hurry-hurry culture’ (fast execution). Large conglomerates like Samsung, Hyundai, and LG account for a significant portion of the nation’s GDP and lead the global market. Internet infrastructure is at the world’s highest level, and 5G commercialization is also world