South Korea's president Lee Myung-bak has played a key role in winning business (photo:dpa)

South Korea's economic growth puts pressure on Japan

The growth of South Koreas’s economy in recent years has changed the nature of its relationship with Japan. There was a time in the 1980s when Japan had the upper hand politically and economically, but now the dynamics have changed. This is the second of a four-part series on the changing nature of geopolitics in the region looking at how South Korea built its economy into one of the strongest in the world.

THE SOUTH Korean economy continues to grow in spite of the stagnation in large parts of the rich world.

It broke the US$1 trillion mark in international trade for exports and imports combined in 2011. Its current account balan...

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Dr. Stefan Lippert
South Korea has defied the textbook strategy on how to create a successful economy
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