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Trade Profile: South Korea's Transformation From 'Hermit Kingdom' to Economic Power

MIN READJul 17, 2017 | 09:15 GMT

As dusk falls over Seoul, South Korea's bustling capital, the city's skyline comes to life.

(Shutterstock)

For most of its postwar history, South Korea has relied on global economic liberalization to drive its economy. The country, squeezed between larger nations and strapped for natural resources, has used a close relationship between government and industry, as well as a proactive trade policy, to build a resilient economy. Along the way, it shed its reputation as a hermit kingdom to become a world economic power. ...

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