"If I had to name three great Asian leaders who rescued their nations from crisis, I would choose Yoshida Shigeru of Japan, Deng Xiaoping of China, and Park Chung Hee of Korea." -- Lee Kuan Yew, former prime minister of Singapore
"President Park was essentially the CEO and chairman of the firm called the Republic of Korea." -- Son Byung-du, executive vice chairman of the Federation of Korean Industries
Netflix's Squid Game attracted over 111million member households in just 28 days and amassing 1.65billion viewing hours. At the same time, Samsung have consistently exceeded $200billion in revenues over recent decades and its leadership in semiconductors and smartphones has been a cornerstone of South Korea's export economy.
In stark contrast to its current prosperity, South Korea in the early 1950s was an economically underdeveloped nation. Adjusted for today's standards, the nation's per capita income would roughly be $100 -- a figure lower than the per capita GDP of Burundi and Malawi.
Over the ensuing decades, South Korea achieved an economic miracle so profound that, if it were a publicly traded company, its growth rate in GDP per capita -- growing at a compound annual rate of roughly 8% over seventy years -- would be equivalent to that of Coca-Cola, Procter & Gamble, and Johnson & Johnson. In fact, South Korea's growth rate would have outperformed that of General Electric, IBM, and AT&T.
Park Chung Hee was a towering leader who engineered Korea's version of the Industrial Revolution. Among the many developing countries that gained independence after World War II, Korea stood out as the only one to break away from a low-growth, farming-based economy and become a highly industrialized nation.
The strategies implemented under Park's leadership have inspired modern development initiatives in countries such as Vietnam and Indonesia, and they continue to be referenced by international organizations and even corporate strategists seeking to emulate South Korea's meteoric rise. Through this journey, you will not only learn about a pivotal period in economic history but also discover practical lessons for achieving resilience and success in your own life.

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• Biographies & MemoirsHistoricalAsia

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