The miracle of the Han River (Samsung CF)

(1953~ 2008)

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Entertainment

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• Samsung
• CF

[bodingoji]

and because of Korea war,

You Japs could rise from the ruins of WW2

If theres no Korea war you Japs won't make anything and would still stay in the 3rd world.

[bodingoji]

You Japs are just fucking asshole

Jap supported Korea to become rich?

how about the natural resources you japs stole from Korea during the colonization??

Japs are always like this... hide their weakness and insist their strength

and they even tweak the truth!!

[AZURA888]

@redwhitedude External factors that boosted the Japanese Economy: Korean War - Access to US Market - US knowhow - US economic help. Internal Factors: low corruption at least till 1980, very high percentage of investment, politic stability.

In Korea: implementation of a state driven capitalist economy. Vietnam war, severe control of government over nascent companies and workers, public investment and active effort of the state for creating big conglomerates and protection of private chaebols

[redwhitedude]

@AZURA888 I don't deny the korean war got the ball rolling. That was the spark but access to US market and knowhow helped it along once it got going. Korea just got off to a later start Japan in 1950 Korea in the 60s.

[AZURA888]

@redwhitedude the real thing that activated the economy of Japan was the Korea war. Not was the direct help of US, with not so good results as in Japan the Korea/Taiwan economy was boosted by the Vietnam war. Japan already had corporations with industrial power like Mitsubishi to offer machinery to the US in Korea war. South Korea had not technology, in 1965 Samsung was still a woolen textile company just men went to Vietnam. For Both Japan and Korea the innovation came of its own effort

[Billyscccu]

@redwhitedude Well, you may be right. I haven't visited any other latin american country (I'm from Mexico but I've visited USA, Canada and Europe). The main problem here is corruption and obsolete institutions, definitely. That's the root of all evil in Mexico: corruption and obsolete institutions.

[redwhitedude]

Japan better fix up their politics lest they want to end up in a situation where they need a bail out with their huge debt. Their current account surplus is going to go down. They are hollowing out due to high yen and stuck in a stagflation domestically. They keep deficit spending as if they are in fantasy land where money grows on trees with ineffective stimulus packages that add up to the debt of 200%+ of their GDP thats about $10T+.

[redwhitedude]

Funny, nobody gives credit to access to US market and knowhow. It contributed to the development of both South Korea and Japan. Japan did give some aid however it is a relative small thing to the overall development of Korea. Japan itself was also a developing nation in the 60s. Just further up the development curve. Now both countries are relatively close in terms of where they are development. The ties break is the politics of the countries, Korea seems to be favored given what they did in 97.

[redwhitedude]

@Billyscccu It still better than most of latin america. In fact in may the best in latin america. They need to clean up the crime and corruption in that country.

[redwhitedude]

@jexicon Nope it's the other way around. Korea helped Japan along in its early days that is within the first millenia AD.

It was demolished but there were no skilled labor force to rebuild and move the country forward. Japanese left Korea with no skilled labor so if you think that Japan needs to be thanked I don't think so. They should have left us skilled labor but they discriminated and deliberate avoided bringing Koreans as skilled labor.