Beyond Korean style - Shaping a new growth formula

South Korea has become a global powerhouse, but its middle class is getting left behind- posing social and economic risks

Beginning in the 1960s, South Korea has set economic-development records with a growth formula that focused on heavy-industry and manufactured exports. GDP has tripled in just the past 20 years, and South Korea became the first nation to go from being a recipient of aid from the Organisation for Economic Co-operation and Development to being a member of its donor committee. South Korea is the leading supplier of LCD screens, memory chips, and mobile phones and is the worlds number-five automaker ... READ MORE

Released by McKinsey & Company - April 2013