South Korea Harvard Case Solution & Analysis

South Korea Case Solution

South Korea became rich

  • It was identified that South Korea’s growth was a combination of quick achievement of 100% literacy that started in Japanese occupation.
  • After the war, the South Korean government took a significant step in expanding the reach of literacy to everyone.
  • Significant market reforms helped the middle-class trade with the world and the one-time demographic lottery.
  • Moreover, it was expected that the government believed that human capital was the foundation of a developed nation.
  • Land was the major growth of any country. In South Korea, key land reforms took placein the late 1940s that built a significant middle class.
  • Furthermore, it was partly done by the US which forced the Japanese landowners out and redistributed the property.
  • Next step was taken regarding the market reforms that increased the literacy and land capacity.
  • Park Chung-hee was the main source of taking the country towards a free market and opened up the economy.
  • Moreover, it also depended on the relationship between the US and Japan, which is what moved the curve upwards.
  • There was a little more crony capitalism than true free market there. It included the family-owned conglomerates such as Hyundai, LG, and Samsung for a sizable share of government largesse.
  • It was expected that this might have a long-term damage on growth.
  • Furthermore, the government implemented that demographic changes for the nation growth.
  • It was expected that it had rapidly decreasing population growth rate leading to a virtuous circle for sometime.

South Korea continue to grow

  • The country is a rich, technologically strong, mature democracy with an impressive record of innovation, economic reform, and sound leadership.
  • It is expected that South Korea is highly focused on corporate sector and it should grow time by time based on the new advanced technologies.
  • South Korea is an extraordinary country, which is tempted to try to distil the secrets to its success so that it could be bottled and used elsewhere.
  • Furthermore, it is determined that South Korea's economy is growing by an average of 7% annually.
  • South Korea is one of the leading countries among the other neighboring countries with a growing population and high literacy rate.
  • South Korea joined the trillion-dollar club of world economies to make the country more powerful and to increase the population.
  • South Korea is continuously investing for increasing the industrial concept, which was highly appreciable such as shipments, vehicles, and metal.
  • Moreover, Korea ranked fifth country which important import crude oil, coal, and liquefied natural gas.
  • Korea's dependency on demand indicates that power addiction leads towards significant challenges
  • The new term, Green Growth, is the radical expansion example which relies on the underlying attitude that monetary growth can be achieved simultaneously with climate and environmental sustainability objective.
  • Korea has continued its endeavor to become a leading green growth nation. Moreover, the energy sector remains the cornerstone of the economy......................                                                                                                                                                                                                                                                                                       This is just a sample partial case solution. Please place the order on the website to order your own originally done case solution.

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