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Economic Growth in South Korea

International Journal of Physical Distribution & Logistics Management

ISSN: 0960-0035

Publication date: 1 March 1992

Abstract

South Korea is set to become the “next giant of Asia”. A strong industrial base, driven workforce and widespread government subsidies have allowed major chaebols (conglomerates) to make significant gains in the global arena, but at some expense. Labour unrest is sporadic but serious, environmental abuses are generating consumer outrage, and smaller Korean businesses are concerned about concentrated wealth and power in companies such as Hyundai, Samsung and Lucky‐Gold Star. Discusses the evolution of the Korean economic miracle and offers insight as to potential hurdles in the years ahead if that momentum is to be sustained.

Keywords

Citation

Barton, L. (1992), "Economic Growth in South Korea", International Journal of Physical Distribution & Logistics Management, Vol. 22 No. 3, pp. 4-6. https://doi.org/10.1108/EUM0000000000407

Publisher

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MCB UP Ltd

Copyright © 1992, MCB UP Limited