Secrets behind Korea`s Economic Success (English)
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- เผยแพร่เมื่อ 5 มิ.ย. 2024
- You may find the revised version of Secrets behind Korea`s Economic Success (2015) in the following link. The revised one includes updated and recent economic situations of Korea after 2010.
• Secrets behind Korea's...
This documentary unveils secrets about how Korea, once the poorest country in the world, escaped poverty and grew to become the World's 14th largest economy and the first Asian nation to host the G20 summit, in 2010. The film identifies key factors behind Korea's economic success such as Korea's strategies, incessant efforts and investment that helped the nation achieve what the world came to call the "Miracle on the Han River."
Korean people deserve the success and prosperity they have been working so hard for decades.
Few months ago, China and South Korea signed FTA which will help Korean exports to China immensely e.g. without tariffs, Korean cars to China can save 22% cost.. Another positive data for countries trading with China. It is estimated that China's middle-class population will reach 500 - 800 millions in 2020 to 2025. China will become world's largest consumer market in near future.
koreans are fucking obsessed with work. still are.
They need to chill and let social and political areas of their country catch up too.
Canon D Rubbish. Looked at the hooligan state north of the 38th parallel lately?
Didn't Japan help them a lot after the war?
@@erikjj235 At the end of the Korean War, Japan's only eight years removed from its defeat in 1945... probably not since they'were recovering themselves...Perhaps since the US was redeveloping Japan, Korea was giving equipment after Japan's use..
"Korean parents still send their children to school even as they starve"
That said it all
Rexon Lizondra that's true. That's also what my grandparents said.
its because if they dont stud, they wont get a proper paying job
And it's not to play sports.
The whole country came together and donated every piece of gold in their house to melt it down, this paid 15% of the debt. Sad part is that it was to cover the debt of all the conglomerate corporations . Smh.
Hyundai heavy industries commercial
(Korea 🇰🇷 economy miracle)
-> th-cam.com/video/Ymdg5NlHPSU/w-d-xo.html
we love south koreans in México! they work hard and create jobs and are very honest. They are welcome here as far as I am concerned. They are a great example on how to get out of poverty. Much respect!
Agree, well put!
Yes you did. And to think, you were the poorest nation in the world in 1960 and now are a wealthy and prosperous nation.
education and understanding that nothing is free. everything takes work and dedication.
thanks from korea
Since my childhood I heard that Japanese are the most hardworking people on this planet. Just think if Koreans itself work this hard. Just imagine how hardworking the Japanese are.
South Korea is growing every second of the day..my visit there in 2016 shows that SK is the cleanest country now in the world..loving people..learning everyday from foreigners..LOVE YOU SOUTH KOREA..WILL BE BACK SOON!!!!
Korea deserves my full respect. A third world country that rose to become one of the most powerful nations in the world. Despite being used and stepped on, Korea did it! I wish more countries can rise as Korea did :/ but sadly it's not the case
Never thought korea is a third world country since they are US ally
@@qinpra As stated in the documentary, Korea was the poorest nation on earth in 1953 (some say the second poorest), behind literally every nation in Asia and Africa.
@@qinpra they were poorer than most sub-Saharan African countries in 1965 with a per capita GDP of less than $200.
Can't watch it without tears as a Korean...
Korea is absolutely amazing. Hello from Quebec!
i love china and korea.
they are same.
family,friend,lover.
I am Turkish and I tore up too. I am very happy to witness you Korean brothers and sisters shine. You deserved it. Much love.
Thx turkey
Working hard.is.good but you east asians overdo it, come on man you are gonna die, cant take.things to your grave, try to.aim for dreams.instead of only looking for high finance
God bless Korea! They created their own success! All Koreans should be proud! We all can learn from Korea!
Education and discipline and not any god lead to Korean success.
@RisingSunCountry keep on being delusional when Korea has a higher growth rate than Japan and has a higher GDP per capita now. 🤣
@RisingSunCountry Korea>Japan
Height
Smell gene
GDP ppp
Truly shows older korean generation sacrificed for the next generation. I love how both, people in government did not cheat and run away with money also ordinary citizens helping and working hard for the sake of their country. Just love it and admire
From egypt to korea..i love u..not only are u developed but warm and humanitic
I am not Korean, but S. Korea amazes me in a lot of ways. The country and its people serves a role model to the rest of the world.
+Adrian Jayson Catambay. Problem is there aren't many country alike S. Korea or Germany, some other parts of Europe. The rest of the world need honesty, humble, hard working, truthfulness within instead of corruption, entitlement, cheating, tricks to get ahead in order to develop and grow as nation. There's saying "it takes a village", truthful individual to community and further to nation.
@@heavenhaven7254 Are you serious? South Korea has highest suicide rater in world because of their working culture. 50% elders live in poverty. The same people that build the country. South korea is basically Capitalist dystopia. You dont have family, you work 24hours in a day. People rarely have relationship... No wonder why they just kill themselves.
Seriously Korean has a history of elite corruption and military coupes
@@heavenhaven7254 are you dreaming man ??
@@abbasaltake1414 no we don't have highest suicide rate in the world, search for facts b4 making a fool of yourself..
Philippines should learn from this. Not just the government but all of its people. it’s all about dedication, trust and discipline.
Philippines also had the advantage of speaking English. Too bad for all the government corruption there.
I love you Korea!!!Your hard work and Importance to education has finally paid off .The only way to alleviate poverty can done only through Education and you Koreans proved this narrative to the entire world by taking your country to the next level within a very short time..All the best Korea!!!
Korea one of the most impressive countries on the world they stared from the bottom and now they are here
It's amazing how Korea went against probabilities and they succeeded. Infinite admiration for South Korea!!!
WE! believe in God Almighty.
WE have been praying to Yahweh God of Israel to restore our homeland inspite of changing economies worldwide.
We believe in God of Heaven and Earth our source of our finances not the U.S,Russia,Japan,China or any other countries.
God CAN use any counties around the world to bless this tiny nation with extreme poverty and war stricken country so that they can Live in Blessing.
The Christians in Korea Truly believe that including myself.
thank you korea! I lived there in the late 90s and taught english :) i was lucky to teach english in Samsung Headquarters in downtown Seoul. I got to visit their Houses of Tomorrow exhibit downstairs and it featured technology that we still haven't achieved here yet. They also had mp3 players at least 2 years before we got the iPod :) i loved my time in korea and the people were amazing and wonderful. the food was top notch too :) mmmmmm mashisoyo! i wish i had known more about the history of korea before i went to teach it would've given me such a great understanding of the people. thank you for this video it explained a lot of what i never knew. :)
+Marlin1290 texting and teaching are different. obviously.
I was taught English by a foreign teacher in South Korea, and I don't think it's a good idea to generalize one person's English skills based on one TH-cam comment.
+Marlin1290 seek mental help
+Marlin1290 its a youtube comment. no one really cares about misspellings and stuff. get use to it and plz dont be so rude.
***** chilax dude. You are over reacting.
As a uni student studying in the International Relations major... Korea gives me motivation to learn more and fight for everything... A country where people have the strength to climb out of the depths of despair and emerge victorious at such a fast rate. The world has so much to learn from you. Thank you for giving back and showing the world anything is possible. May you all rejoice your beautiful country and continue to persevere through all challenges that come your way. Lots of love from abroad. 화이팅!
You're already better than 90% percent of Kpop fans complaing about everything
you are great.greetings From Japan!
I am so happy for you my Korean brothers and sisters. You showed the world roses can rise from dumpsters. I feel so close to your struggle and pain. Thanks to your hardworking people, now it is your time to shine and I wouldnt be more happy to witness it. -much love and respect from Turkey
Great documentary. I love international, economic, and historical documentaries. The will of the Korean people is strong. If the two Koreas unified, they'd be a superpower. Raw materials and manpower plus a thriving capital system with great management would have enormous potential.
Nice to see you here sir!
I'm not Korean, but thinking about all the efforts of individual people through times of despair, it couldn't help but to bring me to tears. That is incredible.
Such a great nation! Respect from India! :)
We had the Same history as theirs ..
@@SunilSingh-uy5ht but india has so many different people doesnt it
we are following the economic policies and stratergies of japan and korea.
When will India be like that....we are very backward from them...at least 30 years
@@ahanasingh7049 1 century
The secret to Korea's success is simple. It's hard work and lots of sacrifice of the people who desired to become a strong a wealthy nation. And the leadership though corrupt, had reasonable enough vision and will to move the country forward. That's it. Pure and simple.
No, there are more things in the development. Explain why other poor countries can't help being poor. Geological location, history, unique diligence, and many things that poor countries can't have are very components to develop South Korea. The documentary doesn't reveal all the secrets. Because I'm a Korean and learn about it, I know very well about the secrets.
Well, of course, there were very devastating situations that other countries didn't have.
Hyunmok Lee What you said is valid but at the core, what I said were the ingredients.
Math Lee 한국이 발전한데 비밀이 있다느니, 외국인 상대로 개소리하지마라. 그런 이유있어도 발전못하는 나라 많다. 하여간 니같은놈들이 나라팔아먹는 매국노야ㅉㅉ
맞음 노무현과 그 부패 정치인을 추종하는 개쓰레기들 때문이지.
그냥 가난하게 사는게 좋아.
I love Korea...God bless Korea!
Why not Buddha?
+Mike K Why not Zoidberg?
+Mike K... If you believed in Budha...why not? It's just a matter of respect of what you believed in.
thank you♥♥
+iceass01 Is he a new Jewish deity?
I don't have words to say South Korea is marvelous Asian people are very hardworking, hope my country fellows see this video and learn their economic model, India got independence 63 years ago and still it is underdeveloped with rampant poverty and unemployment.
My wishes to India. May it become prosperous in the very near future. Sometimes it takes a little longer but it will only get better.
The reasons why we have still not developed are widespread corruption, too much socialism and reservation in every sector. We need to find a balance between socialism and capitalism just like Korea did, and curb the rampant corruption from the system. Also the people of Korea are very patriotic as seen from their volunteered contribution to National gold campaign. Such schemes won't work in our country as people lack faith in the government because of the rampant corruption.
I'm sorry but India can never be a Korea, not even a China. Its the same reason why Italy can never be Germany or why Greece can never be Netherlands. Geography and climate affects culture and attitudes.
Its not a surprise why South Asian countries aren't as dynamic as East Asian countries although their people may be just as hardworking. Like Italians or Greeks in Europe, Indians don't like to follow rules, just look at the roads as an example. Another more important example is tax avoidance. Just how many percent of the population pay taxes?
The keyword here is discipline, not hardwork and the only disciplined outfit that I can find in India is the military. RSS and Modi probably have a dream of transforming India like Japan or the other East Asian economies, that's through large-scale low-end manufacturing but its gonna be very difficult.
lol you need poor people in this world. If everyone was rich like Korea, just imagine the amount of poop produced. We would drown on poop and burn every available resource in years.
cool blizzard Also the people of Korea are very patriotic as seen from their volunteered contribution to National gold campaign// You are right bro. Indian people have around 20000 ton of gold with them. How many would donate incase of emergency is a big doubt.
Love Korea from Japan 🇯🇵🇰🇷
うぴんりょ fuck you japan
i'm korean and I do not hate you
Thank you for being respectful.
21areStupid nah son, Koreans don't like commies
no they are loose allies just like japan /us, korea /us
Such an amazing story from nothing to everything, I really appreciate the way Korean people did for their development, I hope all the underdeveloped countries can learn from Korea. Love you Korea. Respect from Pakistan.
I am from Ethiopia and this documentary inspires me because we are experiencing economic growth and one day will be among one of the strongest economies in the world.
Yes any nation can achieve this.
All countries should aspire to get wealthy and have good quality of life. That's the only way to truly achieve peace without wars. I hope your nation can also in near future.
I really hope so man.
Asefa Woldu 😂😂😂😂soon u will collapse bro the country will disintegrate soon
@@Mohamed-kd5rn shut up waryaa
thank you so much for all your contribution to my country. Without your help, I wouldn't be living in a country of freedom. I was born in 1987 and to be honest, I'm not familiar with what this country went through back in the days but this helped me a lot to learn more.
JAPANESE IS TAKESHIMA lol
OK. Good Luck with that. BTW, did i mention anything about Dokdo anywhere in my comment? Why are all these extreme Japanese people bashing my comments?
cause they're in rut :D
KEEP CALM, go to your home and fuck your self with your ANIME
泰輔落合 is not even Japanese.
Koreans know who they are and they love their identity. They even managed to fend for themselves for thousands of years with doors being shut to the outside world. Much longer than the Tokugawa of Japan. No wonder why they built their country stronger in a shorter span of time.
korea and china is super power
they are one.
@@ToyotomiHideyoshiGre FUCK YOO DOKDO IS KOREAN TERRITORY DAKECIMA EVEN DON'T EXIST BITCH
agree
@@ToyotomiHideyoshiGre japchi is same (abcc11)
I'm from North East India, I love Koreans, their movies and lifestyles. Here what I feel is that India one of the discriminated nation between races, caste and diversity. Though India is developing but inequality, rich is going richer but Poors are dying in unemployment. Northeast India seems alike, least industrial developed region of India. I learned here that education is the tool for development, hope one day we would able to rise like Japan, Singapore, Taiwan, Malaysia and Korea.
Hoping the best for our nation. Education is indeed a very powerful tool. The only thing that is dragging India backwards is absymal politics over the pettiest of issues. Our politicians only care about filling their pockets. In terms of public sanitation, hygiene and traffic discipline, Northeast India is much much better than the rest of India. I also wish a better standard of living and better development for the Northeastern people, and the rest of India...
@@ArghyadeepPal not only politics...nd also We don't have discipline..we didn't follow the rules....no dedication...we only think about ourselves....
Dang, Korea is on a whole other level . This story is golden to Korea's history and I hope Korea continues to strive for its prosperity. The world should hear about this more!
message from a fellow algerian
I think Korea is a great beautiful country. I wish them to relax a little bit. All this quick development has caused them to also have the highest rate of suicide in the world. It breaks my heart. Sometimes financial progress is not what a nation needs or what its people need.
Respect for South Korea !!!!
President Lee Myung Bak states in his biography: "at the root of every success lie extreme perseverance and uncompromising principles.... All we had back then were a desperate yearning to live a better life and a fierce sense of urgency".
The South Korean people have demonstrated awe-inspiring discipline, the will to sacrifice for the sake of national prosperity, and the sheer determination to achieve success. Their success nowadays is the reflection of these praiseworthy qualities that I am cultivating for my own personal development.
조국이여
Koreans is one of the hard-working people in the world.
제가 애국심을가지고있는이유는 제가 사랑하는사람이 한국에가장많고 또그 사랑하는사람들의 소중한사람들이 주로한국인이기때문입니다. 우리모두 모국(가족)의 행복을바라는것이 애국심임을 잊지맙시다.
my country Nepal needs to learn many things from Korea
we were never colonized
n here we r as one of the least developed developed country
i gotta tell u that nepal is an amazing country i'd like to visit it ever. Don't think like that plz I colonized doent mean a developed country, and South korea is a rivh country COMPARE TO ASIA, korea is still an emerging conomy
nepal is good.
we Nepalese talk too much .
@master universe Korea has given civilization to Japan.
Nepal is land locked lol, you guys are fucked.
respect from morocco, i wish our country would learn from your experience
Morocco CAN.
Any country can.
If I was a Moroccan and would want to grow the economy, I would consider fishing outside of the country. The beautiful thing about fishery is that you don't have to raise ,feed or take care of them. All you need is huge fishing boats and hardworkiing fishermen who care about other people. Also,Morocco is much larger than South Korea and North Korea combined. That means you can grow fresh fruits and vegetables organically and raise cattles such as Cows,Chickens and Goats that will give you milk,cheese,yogurt and butter. Cherish and Love the land where people dwell and consider honest city planning and develop the cities and small towns respecing the local economy.
That is all. Hardwork always pays.
Does Morocco also produce Oil?
Korea is one of the best if not the best nation for developing economy and gov’s foresight, even in this covid-19 scenario they still doing well, certainly can see the spirit of this respectful country, my very best wishes to your country from China, wish East Asia can be unified
it's mostly from education and the heart of the people
respect.. and..respect for old korean
Help from other nations, good bets that payed off, luck, and most of all, hard work. Happy that my country, Colombia helped a bit. Hope Korea keeps growing.
We Koreans are really grateful for all the help we’ve ever received , Thanks Colombia.
I went to South Korea last year and I most say is one of the most advanced and and bueatyfull countrys that I have ever visited like no kidding is like New York but more fun and less chaotic
We remember the sacrifice and help of Colombia. Respect and Thanks to Colombia! from South Korea
Fidelis Semper funny how you are from paraguay but say *we koreans*
HamZang Congrats Korea!!!
I am happy to know that Korea succed in such a small amount of time. Our country Philippines also support the South Koreans in the Korean war. I was'nt born yet that time but i'm happy
my countrymen do their part to contribute. I salute Koreans for being optimistic despite of the bitter past and rose from poverty. I hope our government must do the same. Unlucky that my country goes backwards since good days after worldwar 2 from top to bottom because of corruption in our govenment.
as a Korean and i am 37. our secret is 3 thing.
1.no dictator- this is most important thing. we were poorer than African countries 60 years ago. and for 70 years we had 3 dictators but we expelled them by pro democracy movement and our blood we fought for freedom. the countries that has dictator will definitely be poor. we are democracy we always select our leader(president) by our hand and we know we are the owner of this countries we have right to chooae our leader.
2.working hard. this is basic
3. free of religion-i know most countries have religious problem but our government learned from American government everything like politics administrations. so we selected religion free like America.
When looking at the process of economic development in Korea,
which is often referred to as ‘the miracle of the Han River,’
the most crucial factor that led to economic success was the
establishment of the second Five-Year Economic Development
Plan (1967-1971). When it comes to Korea’s economic
relationship with Japan after diplomatic normalization in 1965,
as many experts have pointed out, it is clear that Japan played
an important role in triggering Korea’s compressed economic
development through Japan’s ODA to Korea, trade expansion,
and Foreign Direct Investment (FDI) by Japanese firms.
When Seoul and Tokyo signed the Treaty on Basic Relations
between the Republic of Korea (ROK) and Japan, it was agreed
that the Japanese government would provide financial aid to
Korea including grant aid of $300 million, loan aid of $200
million, and commercial loans of $300 million. The Korean
government decided to invest $120 million out of $500 million
(combined grant loan and loan aid) into the construction of
Pohang Steelworks which was Korea’s leading steel maker.
In this process Japanese steel makers such as Yawata Steel
The reason of succesive korea economic is sacrifice, challenge, vision.
now korean high school student study untill 10pm. becuz education of korea is so spartan!!
Education and "becuz" in the same sentence 🙄
"Without adventure there could be no growth" so true and wise, on so many levels!
Now i understand why koreans are so humble and caring i think they are one of the most likeable people. They literally went through hell. Through all generations even young 20-30year olds of today know how hard they had to work to put food on the table. And how hard their parents worked to educate them. Damn, im impressed. They're honest super hard working. Literally living day to day heroes.
I kind of wish my country would've had more struggles to temper and make people more humble and less hostile towards each other. There are so many spoiled adults/brats that take eberything they have for granted and are just a menace to everyone and society making living around them unbearable. Truly this is a life lesson without struggle people don't mature at all.
@@ithildiess8305한국을 좋아해 주셔서 감사합니다. 최근 한국사회에 내재된 갈등에도 불구하고 남의 물건 안훔치기, 밤에도 돌아다닐수 있는 치안 등은 한국인으로서 굉장히 맘에 듭니다😊
I love korea
God bless South Korea:)
African countries should watch this education is only way.
The problem is there leadership and the educated people who leave don't help
I agree we have so much natural resources. But poor leaders.
China is actually investing billions and billions to the African infrastructure. so I think South Korea should do the same. as a matter of fact, Japan is competing with China for investments in Africa.
their government and its people has only one vision that is their secret...African countries as well as other countries that are poor have a corrupted minds that's why they will always be poor
totally agree !
Great nation and wonderful documentary, thanks!!
Bravo! Excellent! We were not aware of how flexible and forward thinking Korea was and how it definitely earned everything it has today. These people are admired the world around! Best of luck
What a wonderful story of success and community coming together. God bless south Korea.
Great video too. Thanks.
+grillodisciple47
Didn't Apple pirate Samsung as well? Apple copied Lg Prada which was the first touch phone in the world. Yes the truth is always hurt but how can you fix your ignorance and stupidity?
We all receive help. Few rise with it. South Korea is a wonderful example of people who received that help and elevated their nation with it.
+grillodisciple47
it is very interesting theory that Korean companies only received help from other non companies when developing their technology and emerging as one of the major powers. Japanese companies received a lot of help from Europe when developing cars. What about now? Apple iphones are using parts from Samsung and Lg and other Japanese companies. We do help each other!! That's the truth!
+grillodisciple47 lol change of mind? fucktard
+grillodisciple47 Americans contributed no money into South Korea's economic development. Stop talking out of your ass, stupid Yankee and Yankee, go home!
Amazing development...Korea got independence (15th Aug 1945) just 2 years before the India independence (15th Aug 1947) but amazing development and Korea became developed country 20 years back... But still India is developing country 😞😞😞... Hats off and my sincere salute to Korean people for their sacrifice for their next generation and very honest people... I love so much Koreans...
Amazing KOREA ! Respect from China :)
LIE LIE LIEE TH-cam IS FUCKING BANNED IN CHINA
yeah, he must be a tawanese. or chinese living in another country.
I live in mainland China ,it's true that the website is banned in China ,but if you want to access it ,you always have some method , by the way ,why should i lie that i was from China ?
+Wind Luo and you would lie to get attention because we know China has yt banned
Wind Luo SEE I just beat u u r not Chinese u didn't reply for 2 months r just sad that u got beaten bruh
East Asian countries all followed a fast, sudden, and booming growth model. Korea, Japan, Taiwan,China inclusively.
Except that China's is a farce to say the least
All under authoritarian rule. Even Singapore.
That's because of they are close distance with Japan, who already advanced in manufacturing before, during and after WW2. Samsung and Hyundai have a close ties with Japanese company in their early days. Japan, and US, help developed both S.Korea and China as part of its reparation during the WW2 while stabilizing the region in the process. But most of the help is hush up by ROK and PRC gov because Japanese never properly apologize over their atrocities during the war.
Korea and China.
They are cruel country.
If you have rich neighbours it gives you a boost in economy , the usa and britain bombed and destroyed one muslim country after another this is why we are not developed
In the 1960s... Pakistan helped craft S. Korea's economic plan. However, all credit goes to their hardwork and dedication for a prosperous future, and they got it! Love from Pakistan !
Education is everything .Goodluck from india
They grew and focused on growing core sectors. In such a scenario the supporting services and hardware sectors blossom. The recent growth in India is down mainly to services and the core sectors are in doldrums. Thus the disparity in India.
i love it.
I'm interested in Education of Jew.
They are genius.
most people say Africa are shit but Ethiopia seem to grow at fast pace beside 80 is above avarge which is 75 IQ
Cs go giveaway Guy What?How dare you?👿
Korea is just so amazing
@master universe
Korea has given civilization to Japan.
@master universe
Lol. Which book did you read? I recommend you to read books from different sides. Your view of history is so grossly distorted that i am interested in knowing the sources you are using. I hope you are not going to say "i heard".
@master universe and you're a ridiculous. This is about korea development.. Why would comment about Japan.
but The economy is in a severe recession at the moment in S.Korea.South Korea's household debt increased nearly 6 percent on-year last year, hitting a new high.
how sad!!but the unemployment rate for those in their twenties remains high in South Korea.
@@ToyotomiHideyoshiGre You are just a right-wing hater who still supports the dead Japanese empire. You only spread the hatred online but irrelevant in real life. Get a job
It's such an eye opening story of success not only for the whole world but also for the personal growth .
Its disheartening to realized that Philippines back in the 60's right at the time when Korea started its economic reform is miles away, more improved in terms of economic prowess - even far advanced than singapore. Although Marcos era was pretty much an authoritatian and dictatorian governmen, we can't discount that fact that its economic power and capability is huge. It provided a really strong backbone for the Philippine nation to thrive as a developing nation. It was a nation who have sustained its economic prowess could supposedly become a strong economic powerhouse in south east asia. Then Edsa revolution comes in and the next government after that brought the philippines economic capabilty spiraling down. While Korea are developing its steel industry, Aquino government in the philippines on the other hand were busy enacting its vendetta by going against the project the marcos regime have started. The bataan nuclear power plant which supposedly going to provide a boost on electrical power grid of the country and the steel industry that was given less support which supposedly going to provide the building blocks of industry in this country while giving back control to oligarch family the water, electrical, and media to the control of few people. Instead of supporting established businesses at that time and allowed them to continue most businesses who flourished during the marcos regime were crackdown as a result those businesses went bankrupt and forced to shut down and flee. 1987 institution discourages 100% foreign business ownership as a result it discourages foreign investors and oligarchy and monopoly of industries in the philippines became prevalant as less and less competition. For decades, there is a duopoly of telecommunication industry as a result telecommunication infrastructure is inadequate, service is not good, and internet speed is slow in comparison to south korea and other nation, not until the recent political will of the president duterte came in the 3rd telco. Aquino and Ramos Government was i believe the cause of its downturn. Erap government was just a blimp and a joke. I guess the good thing happened to that era was it being a short lived power giving and pave the way of the Arroyo government. Arroyo government did something we can really be thankful for as why Philippines started to be back on track in its economic development. Although, her vat policy was controversial it was a bitter pill she has to swallow or the country has to swallow along with other economic reforms she had to implement as not only it shielded the country during the 2008 economic crash but it pave the way for industries to develop and continue a rising trend of economic growth later on PNoy was so proud about but he did not actually do anything. It was arroyo who laid the groundwork and in a way it was his administration who reap what arroyo government had sow. Under the Pduterte admin, his build build build program will again propel the nation for economic boom as infrastructure is needed to further allow the nation to be great again - but despite of strong political will and achievements the people who supported behing aquino, ramos, and pnoy are still trying to discredit of what the current president have done and a lot of ridiculous issues despite of the good thing it has done. Issues that is very petty from the presidents blabber mouth to incompetence of its subordinates as if those other people are not incompetent themselves. If not because of covid, the current administration may have able to accomplish so much more than i can say about aquino, ramos, and pnoy combined. The economic growth of the nation is dependent on the character of the people it govern with. This really do hold true down to this day. If only the people voted for the right person to lead the nation and chooses smartly to put politician in key position this nation have all the ability and capability to build a much better economy like south korea.
우리는 지금도 성장하고 있고 앞으로도 성장해 갈것입니다. 홍익인간의 정신으로 모든사람들이 행복한생활을 할수있게 노력할것입니다.
I admire and love Korea so much ! Upon watching the history of Korea and the "Last Princess of Korea". . . it is God:s blessings, and their determination to embrace love of country to improve and uphold dignity thru economic prowess. . . Soon to visit this beautiful country. . .
Really great video. Im glad I watched this. Hopefully someday I can go and see Korea in all its glory someday.
...so interesting how the government was the "innovative" engine
I would like to know more about S. Korea's smart technology, smart city, mobile apps, cloud, data center developments?
Will 2018 (Pyeongchang) be the most technology driving winter olympics?
Thank you for such an informational video.
SALUTE!
really hope my country will have a success story like South Korea
Same, I want to see my country develop like this
@@Dani_1012 where are u from?
Where are u from?
Awesome documentary. Respect earned.
Result of self belief and hard work. Best regards from Nepal
It's no wonder why Koreans are very proud of their country and them being Koreans..thru education, hardwork, dedication & discipline SoKor has grown by leaps & bounds and there's no sign of slowing down up to this date..
We Malaysian have so many similarities with The Korean. Colonized, post war, great leaders. So much we have to learn from Korean.
just fyi, we Koreans have not had the best leaders.
I'll offer our current president as an example.
best leader? tergelak aku baca...malu woii org luar
Why so far away when you can learn from somewhere less than a mile away, and I mean Singapore.
But look at where we are now? We were spoon fed by the British but Koreans had to rebuild from scratch.
Malaysian still has not a lot of economic freedom. There's a lot of red tape and problems with enterign the market.
It was a big question mark for me how SK is excelling in almost everything now: phones/technology, skin care/make up, entertainment, cars...and a lot more. Maybe because they are not complacent for what they have achieved rather they continue to improve and innovate. They put excellence in what they do Their products are of good quality... they're after the quality not just quantity. i seldom hear fake products.. sometimes when it's a fake korean products, they are made from China. Also, their artists, before they launch them they go through a long and heavy training. Even their phones, they keep on innovating and never gets complacent, unlike Nokia that was once the leader in phone innovation. Their love and respect for their country plays a big role too. Regardless how popular they are, all korean men are required to go through military training; this foster discipline and nationalism. They love and support their own but at the same time they are open to what they can learn from other countries and go beyond what they learn. Most of all, i think, there are less corrupt public officials in SK.
Hard work really pays off! very inspiring!
Such an inspirational video. "Korea evolved from aid recipient to aid donor" hope India adopts Korea's methods for devolopment.
Thank you!
Pack Tae-jun who Former Chairman of POSCO said, "This budget is blood money of our ancestors. If we fail, turn toward the sea and just drown in there."
Then all workers, including Pack himself, worked really hard even didn't sleep well.
That's the reason of success.
Thank you Mr. Park for changing our nation. You brought Korea out of crippling poverty and rampant corruption to one of the wealthiest nations in Asia and in the world. People may accuse you for human rights abuses today but the older generations, who lived through post war hell, never forgot your contributions to our country and still regard you as the best president in ROK history.
Park Chung Hee used Japanese compensation money to boost Korea's economy.
AkoSiJhioh Yes he did use Japanese money but Japan was not the only country that helped Korea prosper. He got tons of shit from the Korean public for that. I don't blame him though since the US withdrew foreign aid and put Korea in a very desperate situation. Japan was only a small part of the aid while West Germany and the US (Vietnam War) made much more significant contributions to the Korean economy and strengthened Korea against the commies up North
PS: Just because Japan partially contributed to Korean development does not give atonement for the crimes it has committed in the Korean peninsula during WW2
Andrew Cho Japan's intent was to compensate, not help develop Korea. I wish Japan and Korea can just get along. While the governments fight, let's help the other country's citizens prosper and just love. Spread the loooove. luuuvvv
Not until Japan apologizes and recognises their own ancestral heritage
Park Chung Hee was Japanese officer
Fabulous words of wisdom thanks for posting. Have a great time towards your future growth
Always keen to know !
Korea has been working very hard for decades. They deserve the success to-day.
Few months ago, China and South Korea signed FTA which will help Korean exports to China immensely e.g. without the tariffs, Korean cars to China can save 22% cost.. Another positive data for countries like Korea trading with China. It is estimated that China's middle-class population will reach 500 - 800 millions in 2020 to 2025. Korea will rocket as close neighbor China become world's largest consumer market.
Many parts of our economy now rely on China. Also in the aspect of culture exports including Kpop. Tourists visiting our country from China are also very large. We Koreans surely know and are amazed how fast China is growing. Hope we can cooperate in many ways in the future as well just like we were in the past !
UNITED KOREA Agreed. The pan-Asia-Europe super-rail project plan can bring wonder and fortune to many Asian and European countries in the future. Wish world's economy can be elevated to next level. Also the world society will be more friendly, peaceful and prosperous.
UNITED KOREA If Pan-Asia-Europe Super-rail Project is the far-reaching right hand, then the new Asian Infra-Structure Investment Bank is the powerful left hand. Glad to see S Korea joining AIIB as a founding member.
China can't beat South Korea and Japan In living standards. But China is #1 in economy, however there stock market collapsed..
+sharon kim lol China can't beat anything because they suck at everything :-/
This gave me shivers by the end of this great video. I'm proud to have a quarter of my heritage from Korea. :')
This documentry is a fireball of motivation. Even the music is so motivating.
Development of korean is very great to be inspiring for many countries
Koreans must have a good heart and a good work ethic. My neighbors mother is Korean and I wish I had more neighbors like him. We help each other as needed and he volunteers when he sees a need. He is also a Christian. are there many Christians in Korea?
June Bug Joe yes
Excellent !!!!
im from colombia, our army participation was 5 000 men.. im proud even more because one general is depicted here
nice vedio^^ 구독했습니다.
So impressive !
That last song 22:27 to the video makes me wanna cry for some reason. It just gets in inside my emotions.
Never GIVE UP.... A inspired story for us
community housing scheme could be implemented in India. It is quite relevant to present situation.
Nice work Korea!
with God's blessings..super proud of the hardwork of the Koreans...
very nice
What a wonderful story. The resiliency and fight spirit of korean people is truly something inspiring.
온 국민의 세금으로도 금융위기를 몰고온것에 분노를 금치 못하면서도, 모은 금으로 빛갚는데 쓰일것을 뻔히 알면서도
우리 노인네들은 장롱을 뒤져 가져다 바쳤다. 이는 자식들의 실수에도 노심초사 온갖것을 가져다 뒷바라지 하던
우리 부모님네들의 그것과 다를바 없다. 아무리 무식하고 배운거없고 교양없다 나부려 대도 우리 부모님들을
존경하고 공경할 수 밖에 없는 수천가지 중 하나일 뿐이다.
Japan, too is a lovely civilized country and people are polite and gentle. But here, I see all mean-spirited and jealous comments spewed are mostly by Japanese. I hope their Shinto God teach them not to be two faced and kind to its neighbor.
There are some good reasons why many Japanese are skeptical about South Korean economic success. Look at the late news about Samsung Galaxy Note7 explosion or Hanjin Shipping's collapse. Those cases are just the tip of the iceberg.
I think mean-spirited comments are from North Korean red army who specialized to fight on the internet line, namely cyber red warriors.
+busyhoney bee
Could you please shut your mouth? Cyber red worriors? Go back to your nest ilbe. Korea doesn't need such ignorant people.
Can't wait to see Japan sink. And let their hard working economic building drown poorly to the sea...
Wait if Japan sink... Oh shit.
+21areStupid : Have proof? There simply companies that copy Republic Of Korea, Japan, America, and the western world.
This gives me a bit of hope for my own country.
Truly remarkable success.
Where are you from
No pain no profits, long as people are willing to sacrifice and work for better tomorrow, brightness will surely come at the end.
1.3 billion people india should learn from a small country like south korea
Love Korea and the spirit of Korean people. :) Love from India.
Saw this during our Day 4 of KF-Ateneo Teaching Korean in Philippine Academia. Thank you Ma'am and Sir for the insights you shared us about Korea-Philippine Bilateral Relations!
I’ve seen this over 3 times this is so addicting idk y