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1. • • South Korea is a strange country, where capitalism, socialism and communism blend and coexist. Our economic system is capitalist, our social structure is socialist, and our mindsets are communist. We adopt capitalism for our economic development, but strive for socialist welfare and demand equal distribution of wealth.
     www.koreaherald.com/view.php?ud=20141118001115

     [Kim Seong-kon] Is Korea a capitalist country? - The Korea Herald

2. People also ask

   Is Korea a state-led capitalism?

   • Unlike studies claims the dissolution of Korean developmentalism, the book holds that the Korean state maintains its characteristics of state-led capitalism despite significant changes in policies and instruments rather than converge toward an AngloSaxon-style free market system.

   The Korean Developmental State | SpringerLink

   link.springer.com/book/10.1007/978-981-15-3465-2

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   How can you tell if Korea is a capitalist country?

   • The signs of Korea's capitalist maturity can be captured from its changing economic growth trend, economic structure, trade composition, and foreign investment.

   Capitalist maturity and South Korea's post-development conundrum - …

   onlinelibrary.wiley.com/doi/full/10.1002/app5.243

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   Is South Korea a developed state?

   • In 1996, South Korea joined the Organization for Economic Cooperation and Development, being internationally recognized as a “developed state.” Although living standards still lagged behind those of North America, Western Europe, and Japan, the gap was significantly narrowed.

   South Korea’s Economic Development, 1948–1996

   oxfordre.com/asianhistory/display/10.1093/acrefore/9780190277727.001.0001/acrefore-9780190277727-e-271

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   Can Korean Capitalism sustain its state developmentalism?

   • Some institutionalists insist that the continuity of Korean developmentalism is based on path dependency. In contrast, this book argues that Korean capitalism could sustain its state developmentalism by changes in policies and instruments to improve national industrial competitiveness in the changed context of international competition.

   The Korean Developmental State | SpringerLink

   link.springer.com/book/10.1007/978-981-15-3465-2

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   Is South Korea a neoliberal state?

   • To this end, it identifies key threads of continuity binding South Korea’s developmental past with its neoliberal present. The paper finds that critical aspects of the developmental state’s interaction with society, from coercion to ideological suasion, furnished elemental building blocks to those actively constructing a South Korean neoliberalism.

   The Developmental Sources of South Korean Neoliberalism

   link.springer.com/article/10.1007/s40647-021-00328-4

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   Is crony capitalism a problem in South Korea?

   • There was also increasing concern among the public about the crony capitalism involving bureaucrats and politicians. Bribery, kickbacks, secret political funds, and bank accounts by officials and businessmen under false names were very much a part of the South Korean system.

   South Korea’s Economic Development, 1948–1996

   oxfordre.com/asianhistory/display/10.1093/acrefore/9780190277727.001.0001/acrefore-9780190277727-e-271

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3. onlinelibrary.wiley.com › doi › fullCapitalist maturity and South Korea's post‐development ...

   onlinelibrary.wiley.com › doi › full

   May 1, 2018 · I use the concept of capitalist maturity (interchangeably used with economic maturity) to denote Korea's current state of prosperity and examine some of the critical issues or conundrum facing the country.

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     business–state political partnership in the context of a...

4. www.ft.com › content › b34e8bc8-9f78-45c8-a15b-3df9Is South Korea’s economic miracle over? - Financial Times

   www.ft.com › content › b34e8bc8-9f78-45c8-a15b-3df9

   Apr 22, 2024 · The achievements of South Korea’s state-guided capitalism, which took it from an impoverished agrarian society to a technological powerhouse in less than half a century, have come to be known as...

5. academic.oup.com › edited-volume › 28354South Korea: Plutocratic State-Led Capitalism Reconfiguring ...

   academic.oup.com › edited-volume › 28354

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   Dec 16, 2013 · It explores the role of the state, the financial system, ownership and corporate governance, the internal structure of the firm (management), employment relations, education and skills formation, inter-company relations (networks), and social capital.

6. link.springer.com › article › 10The Developmental Sources of South Korean Neoliberalism

   link.springer.com › article › 10

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   Jun 17, 2021 · Debating capitalist power in South Korea in the context of neoliberal globalization. Capital and Class 40 (3): 533–554. Article Google Scholar

   • Author: Kevin Hockmuth
   • Email: hockmuth@aiu.ac.jp

   • Publish Year: 2021

7. www.bbc.com › news › world-asia-pacific-15289563South Korea country profile - BBC News

   www.bbc.com › news › world-asia-pacific-15289563

   Jul 19, 2023 · Capital: Seoul. Area: 100,363 sq km. Population: 51.8 million. Language: Korean. Life expectancy: 80 years (men) 86 years (women) LEADERS. President: Yoon Suk-yeol. Getty Images. Mr Yoon is a...

8. link.springer.com › book › 10The Korean Developmental State | SpringerLink

   link.springer.com › book › 10

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   Explores the nature of South Korean capitalism; Seeks to explain the role of state and society in the development of the Korean economy; Provides interesting insights for the road ahead for Korean unification

9. oxfordre.com › asianhistory › displaySouth Korea’s Economic Development, 1948–1996 | Oxford ...

   oxfordre.com › asianhistory › display

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   In 1996, South Korea joined the Organization for Economic Cooperation and Development, being internationally recognized as a “developed state.” Although living standards still lagged behind those of North America, Western Europe, and Japan, the gap was significantly narrowed.