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We’re exploring South Korea’s impressive economic transformation, from an agrarian backwater to a global powerhouse. Home to internationally recognized companies and cutting-edge industries, South Korea is a fascinating case study for economists worldwide. In this video, we’ll examine the drivers of South Korea’s potential growth in the next decade, the obstacles that could undermine its entire economic system, and why this is all so important for the rest of us outside South Korea for our own economies. Then we’ll rank South Korea on the Economics Explained National Leaderboard.
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This video implies precise#insights which most of#Korean even do not realize .!!!
U forgot to mention
1. psychological factors korean society is going through currently.
2. Concentration of wealth Chebols. And employment they offer
3. Education system, private coaching institutions problem.
4. Military dependence on the US.
No doubt South Korea is a great nation. But without people with sound health conditions both mental and physical makes the nation great. With 0.8 birthrate, the nation ceases to exist. 2.1 is a must..
+ Regional dispute
SouthWest(Jeolla) vs SouthEast(Gyeongsang)
And here ppl think Japan has the lowest birth rate 😂
Korea has been importing foreign drones for their factories. It won't burst soon.
Thank you South Korea ❤
니들 나라나 걱정하세요 꼴값 떨지말고
Low corruption levels?
a big greeting to the Koreans from Croatia…peace and God's Blessings…
Great video until I saw “sea of Japan” instead of “ East Sea” 😢
This is true for most developed Asian countries…high cost means low birth rate. The government who wants to “fix” this aren’t really doing a great job. Either start implementing AI or face no worker for the future work force.
Korea and Japan have the hottest women how can they have such low birth rates.
나는 50대 한국인이고 은퇴자이다. 내가 어릴적 50대 사람은 노인에 가까워서 나도 50대가 되면 노인에 가까운 사람이 되어 있을 것이란 예상을 했다.
그러나 현재 나는 예상과 다르게 너무 젊어서 당혹스럽다.
공장 산업화 시기나 젊은 노동이 많이 필요하나 이제 한국은 공장 산업 사업을 하기에는 적합하지 않다.
나는 현재 주식 투자와 예전 직업이었던 컴퓨터 코딩 스킬을 업데이트 하고 있다.
Your map of INDIA is wrong
South Korean women are hard to date, every man knows it
The country has never had a bubble. There's nothing to burst. Its GDP may gradually decline. That's it.
As a South Korean, South Korea is honestly not fun. Life is fierce and everywhere is the same as the same restaurant. I think North Korea tourism will be more thrilling and fun
They did it to themselves. Hypergamy, chasing top 10% HVM, being enormously fixated on height, & seeking the K-pop look; all led to declining marriage/birth rates.
you know why its such low birth rates? Because its TOO Expensive for common korean folks to take care of themselves. its just too difficult. plenty of resources and videos regarding this issue. Overworked and compensation low.
I have seen the documentary about the Baby Box and there it was said that so many women are in a terrible situation after they’ve had kids. If they are single mothers, it’s a game of survival. With so few benefits and so little support for women, it is not surprising birth rate is down.
self extinguish
They should import lots of Africans and Arabs!!!!
I am not serious about that!!!
Former Korean president Moon was a pathetic communist. And he ruined Korea!!!
Korea? But I thought China was already on the leaderboard.