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Byoung-Joo Kim, Soogil Young, Do-Hyun Han, Sung Jin Kang, Eun Kyung Kim, Soonman Kwon, Ju-Ho Lee, Jaehak Oh, and Jeffrey D. Sachs

The Korean Story discusses the socio-political and historical context that has shaped the economic growth of South Korea. It probes into how South Korea, post the Second World War, was able to transform its economy within three decades to emerge as a leading innovation and technology center in the 21st century.

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The Korean Story discusses the socio-political and historical context that has shaped the economic growth of South Korea. It probes into how South Korea, post the Second World War, was able to transform its economy within three decades to emerge as a leading innovation and technology center in the 21st century.

It highlights South Korea’s current status in terms of human development indicators and the SDGs and offers insights on how other countries can achieve similar growth stories with structured reform and policy measures.

The course features modules from leading Korean experts in economics, politics, education, health, gender empowerment, rural development, and transportation. The eminent thought-leader in economics and sustainable development, Prof. Jeffrey D. Sachs , presents the introductory module about the Sustainable Development Goals (SDGs), focusing on the Korean experience of setting goals and targets to achieve them.

The Korean Story: Secrets of an Economic Miracle was developed and produced by the KDI School of Public Policy and Management , in partnership with the SDG Academy.

What you'll learn

  • How South Korea achieved spectacular economic growth within three decades (1962-1992) of the Korean War (1950-53)
  • What lessons may be leveraged from the Korean experience of achieving the SDGs
  • Why and how human capital development, especially in early education, health and gender reform matter
  • Korea's rich socio-political history, culture, the Saemaul Movement, and more

What's inside

Learning objectives

  • How south korea achieved spectacular economic growth within three decades (1962-1992) of the korean war (1950-53)
  • What lessons may be leveraged from the korean experience of achieving the sdgs
  • Why and how human capital development, especially in early education, health and gender reform matter
  • Korea's rich socio-political history, culture, the saemaul movement, and more

Syllabus

Module 1: Introduction An introduction to the SDGs and South Korea’s experience of mobilizing partnerships for achieving them.
Module 2: The Korean Economic Miracle: Its Secrets & Lessons An overview of Korea’s reforms that spearheaded its economic and financial growth.
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Module 3: Achievements of the Korean Rural Saemaul Movement The rise of the Saemaul Movement, its motivations andhow it was implemented at the local level.
Module 4: Health Policy and Universal Health Coverage A scrutiny of Korea’s health policy, which includes universal health coverage, immunization programs, establishing public health centers and providing national health insurance for all.
Module 5: Accumulating Human Capital for Sustainable Development in Korea A bird’s-eye view into the three pillars of human capital in Korea: expansion of educational opportunities, skill-building and combating brain-drain.
Module 6: The Role of Women in Korean Development A review of the status of women in Korea's history and how women’s rights and political participation came about.
Module 7: Trade, Industry, and Competition
How trade, industry, and competition have facilitated Korea’s growth and structural transformation from a basic agrarian economy to a sophisticated manufacturing and service economy. ****
Module 8: Building an IT Economy: The Korean Experience
An overview of the achievements Korea has made through the implementation of the policy programs among the IT-based strategy.
Module 8: Politics of Making Development Sustainable in South Korea A critique of the political economy of Korea through the 'miracle years' and its larger implications for development practice.
Module 9: Environment and Global Considerations A description of the environmental challenges that Korea faced during its growth years and the paradigm shift towards achieving green growth.
Module 10: Transport Infrastructure and Economic Development
How dedicated policies and reform in Korea’s transportation sector influenced its growth story.
Module 11: Politics of Making Development Sustainable in South Korea
A critique of the political economy of Korea through the 'miracle years' and its larger implications for development practice.

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Explores the socio-political and historical context that shaped the economic growth of South Korea, with a focus on human development indicators and the SDGs
Taught by leading Korean experts in economics, politics, education, health, gender empowerment, rural development, and transportation
Offers insights on how South Korea achieved spectacular economic growth within three decades (1962-1992)
Provides lessons that may be leveraged from the Korean experience of achieving the SDGs, which are highly relevant to current global development challenges
Examines how and why human capital development, especially in early education, health and gender reform matter, which are key factors for sustainable development
Highlights South Korea's current status in terms of human development indicators and the SDGs, providing valuable insights for other countries seeking to achieve similar growth stories

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in The Korean Story: Secrets of an Economic Miracle with these activities:
Review human capital development in practice
Enhances your foundational understanding of human capital development in practice, which is crucial for comprehending the Korean economic miracle.
Browse courses on Human Capital Development
Show steps
  • Identify the significance of education in human capital development.
  • Examine the role of skill-building in economic growth.
  • Analyze the impact of gender reform on human capital development.
Create a study guide for the course
Promotes active learning and enhances your understanding of the course material.
Show steps
  • Review the course outline and identify key topics.
  • Summarize the main points of each topic.
  • Create practice questions and exercises to test your understanding.
Jacobs, Jane. The Economy of Cities.
Provides valuable insights into the economic principles underlying urban development, which is essential for understanding the Korean economic miracle.
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  • Read the book and take notes on key concepts.
  • Summarize the main arguments presented in the book.
  • Analyze the book's relevance to economic development in South Korea.
Five other activities
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Show all eight activities
Develop a presentation on the role of industry in Korea's economic growth
Allows you to apply your understanding of the Korean economic miracle by creating a comprehensive deliverable on the role of industry.
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  • Research the history and development of key industries in South Korea.
  • Analyze the factors that contributed to the success of these industries.
  • Create a presentation that outlines your findings and insights.
Practice solving economic growth models
Enhances your problem-solving skills and deepens your understanding of economic growth theories.
Show steps
  • Identify the key variables and assumptions in economic growth models.
  • Apply the models to analyze real-world economic scenarios.
  • Evaluate the strengths and weaknesses of different growth models.
Write a blog post on the lessons learned from the Korean economic miracle
Encourages you to reflect on the key takeaways from the course and share your insights with others.
Show steps
  • Identify the most important lessons learned from the Korean economic miracle.
  • Analyze the relevance of these lessons to other countries and contexts.
  • Write a blog post that clearly communicates your insights.
Participate in a case competition on economic development
Provides hands-on experience in applying your knowledge and skills to real-world economic development challenges.
Show steps
  • Identify a case competition that aligns with your interests.
  • Form a team and develop a research plan.
  • Analyze the case and develop a solution.
  • Present your solution to a panel of judges.
Volunteer at a local economic development organization
Offers practical experience in implementing economic development strategies and initiatives.
Show steps
  • Identify a local economic development organization that aligns with your interests.
  • Inquire about volunteer opportunities and express your skills and interests.
  • Attend volunteer training and orientation.
  • Participate in various economic development activities and projects.

Career center

Learners who complete The Korean Story: Secrets of an Economic Miracle will develop knowledge and skills that may be useful to these careers:
Economic Development Officer
Economic Development Officers develop and implement economic development strategies for communities and regions. This course will help you develop the skills you need to understand economic development issues and develop effective economic development strategies. You will learn about the Korean economic miracle, which provides a valuable case study for how countries can achieve rapid economic growth.
Program Manager
Program Managers develop and manage programs to achieve specific goals. This course will help you develop the skills you need to develop and manage effective programs. You will learn about the Korean economic miracle, which provides a valuable case study for how countries can achieve rapid economic growth.
Policy Advisor
Policy Advisors provide advice to policymakers on public policy issues. This course will help you develop the skills you need to analyze public policy issues and make recommendations on policy changes. You will learn about the Korean economic miracle, which provides a valuable case study for how countries can achieve rapid economic growth.
Research Analyst
Research Analysts conduct research on a variety of topics. This course will help you develop the skills you need to conduct research and analyze data. You will learn about the Korean economic miracle, which provides a valuable case study for how countries can achieve rapid economic growth.
International Development Consultant
International Development Consultants provide advice to governments and organizations on development issues. This course will help you develop the skills you need to understand development issues and develop effective development strategies. You will learn about the Korean economic miracle, which provides a valuable case study for how countries can achieve rapid economic growth.
Management Consultant
Management Consultants help organizations improve their performance. This course will help you develop the skills you need to analyze business problems and develop solutions. You will learn about the Korean economic miracle, which provides a valuable case study for how countries can achieve rapid economic growth.
Economist
Economists study the production, distribution, and consumption of goods and services. This course will help you develop the skills you need to analyze economic data and make recommendations on economic policy. You will learn about the Korean economic miracle, which provides a valuable case study for how countries can achieve rapid economic growth.
Marketing Manager
Marketing Managers develop and execute marketing campaigns to promote products and services. This course will help you develop the skills you need to understand consumer behavior and develop effective marketing strategies. You will learn about the Korean economic miracle, which provides a valuable case study for how countries can achieve rapid economic growth.
Sales Manager
Sales Managers develop and execute sales strategies to achieve sales targets. This course will help you develop the skills you need to understand customer needs and develop effective sales strategies. You will learn about the Korean economic miracle, which provides a valuable case study for how countries can achieve rapid economic growth.
Financial Analyst
Financial Analysts provide advice to individuals and organizations on investment decisions. This course will help you develop the skills you need to analyze financial data and make sound investment recommendations. You will learn about the Korean economic miracle, which provides a valuable case study for how countries can achieve rapid economic growth.
Urban Planner
Urban Planners develop and implement plans for the development of urban areas. This course will help you develop the skills you need to understand urban planning issues and develop effective urban planning solutions. You will learn about the Korean economic miracle, which provides a valuable case study for how countries can achieve rapid economic growth while also creating sustainable and livable cities.
Sustainability Manager
Sustainability Managers develop and implement sustainability strategies for organizations. This course will help you develop the skills you need to understand sustainability issues and develop effective sustainability strategies. You will learn about the Korean economic miracle, which provides a valuable case study for how countries can achieve rapid economic growth while also protecting the environment.
Technology Consultant
Technology Consultants help organizations implement and manage technology solutions. This course will help you develop the skills you need to understand technology trends and develop effective technology solutions. You will learn about the Korean economic miracle, which provides a valuable case study for how countries can achieve rapid economic growth through the use of technology.
Operations Research Analyst
Operations Research Analysts study operational problems and develop solutions to improve efficiency and productivity. This course provides the opportunity to learn about the Korean economic miracle, which is a testament to the power of innovation, technology, and human capital. Students will learn how to apply these principles to their own work, which can help them develop new and innovative solutions to problems in their field.
Public Policy Analyst
Public Policy Analysts develop and evaluate public policy. This course will help you develop the skills you need to analyze public policy issues and make recommendations on policy changes. You will learn about the Korean economic miracle, which provides a valuable case study for how countries can achieve rapid economic growth.

Reading list

We've selected six books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in The Korean Story: Secrets of an Economic Miracle.
Examines the role of women in South Korea's economic and social development. It valuable resource for understanding the importance of gender equality for sustainable development.
Provides a comprehensive overview of the Korean IT industry, its development, and its impact on the economy. It valuable resource for understanding the importance of IT for economic development.
Provides a critical analysis of the political economy of South Korea's development. It valuable resource for understanding the challenges and successes of sustainable development.
Provides a critical analysis of the political economy of industrial policy in South Korea. It valuable resource for understanding the challenges and successes of industrial development.
Examines the role of education, science, and technology in South Korea's economic development. It valuable resource for understanding the importance of human capital for sustainable development.
Examines the role of government in South Korea's economic miracle. It valuable resource for understanding the challenges and successes of government intervention in economic development.

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