What should everyone know about Seoul

Knowledge pool
South Korea - economic power on the Yellow Sea

  • The introduction of the Hangeul alphabet goes back to King Sejong (1397 - 1450)

There are countless studies that describe the triumph of (Korean) Confucian capitalism (The Miracle of the Han River) in South Korea. The chaebol leaders were undisputedly dynamic, determined and willing to take risks. They could count on a workforce that wanted to have a share in the country's way out of poverty. The fact that any criticism of the economic miracle could lead to going to jail as an agent of North Korea is another matter.

The Confucian educational and social system became the guarantor of industrialization. It was based on the ideal of the hardworking, self-sacrificing, educated and determined worker. In this way, the technologies imported after 1961 could be quickly adapted and later further developed independently. Traditional Confucian virtues: respect for the elderly, superiors, the family, the community resulted in a framework of safe, confirmed action that organized successes and made innovations possible.

Experts today say that South Korea was the only functioning planned economy, precisely because ethnic homogeneity, nationalism and high linguistic education were fixed points in a flexible framework of changed living conditions. The end of the dictatorship, the great economic crisis of 1997 and the increasingly palpable globalization of all areas of life in Korea will present the country with new challenges in order to survive between China and Japan in the future.