How South Korea Overtook Japan

South Korea, once one of Asia’s poorest nations is now ahead Japan in certain economic metrics.

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26 Comments

  1. South Korea’s economic miracle is a testament to its strong government policies, innovative industries, and hardworking people. They’ve outpaced Japan in key sectors like technology and manufacturing, showing how resilience and strategic planning can drive incredible growth.

  2. Investing to South Korea, Japan had designed a frame they could more income from South Koreas growth. So, for more 40 years always Japan earned surplus income in trade with South Korea. There was a term of 'Cormorant economy' which was named by a Japanese economist with despising nuance. In the fishing way using Cormorant (a bird species), the birds catch a big fish with big beak, because her neck is loosely tightened by a string, she have to vomit a fish in a ship, and it repeats. It was hidden, 2nd period of colonization. Because we South Koreans were angry, we approaced to China and had made win-win cooperation. By Quad, the China-containment policy executing, it quits and in this time Japan use all measures she can use to suppress South Korea. And by US' allowing to Japan, SK is facing big hardship. Partially fortunately, South Koreans had prepared departure from China, not like Germany, and SK had invested income to crucial field including defense industry.

  3. Yes south Korea can defeat japan with some economy reforms and increase population to give grant of money to every couple which have three childs because korea was so expensive and shift there economy miracle to services or infrastructure and exports so in this way South Korea beat Japan 🇰🇷🏯💪 ViVa S.korea

  4. I think a huge difference between those two is that Japan has far more mid-size companies compared to South Korea. South Korea has gigantic and super powerful companies like Samsung which represent a lot of their total GDP, which isn’t so healthy. Will be interesting to see how both are developing. Hope both countries will be successful or even more successful 🙂

  5. South Korea's basic science lags far behind China…Scientific research lags behind Japan…Recently, OLED has also been surpassed by China…Southeast Asian countries will soon have cheap OLEDs to buy…Now South Korea only has a 3-5 year lead over China in semiconductor manufacturing and memory…and then it's over

  6. 感觉最近身边韩国的工业品越来越少了,电子产品和汽车几乎已经退出了中国,倒是韩国的食品越来越多,最近出现了大量的韩式餐馆,以更辛辣的口味和更便宜的价格击败了日式饭店。

  7. I’m going to be honest here, as someone who has lived in both

    Both nations are demographically screwed in the long run – but SK even more so than Japan. Japan has:
    ・a much more influential currency, free from IMF control
    ・Superior transport infrastructure throughout a significantly larger country
    ・Far more diverse industry – including steel and chemical/material tech; the foundations of any nation.
    ・tonnes of investment abroad they reap benefits from.
    While we may have surpassed them in Chips, Japan is still an all-rounded industrial powerhouse; Busan was lucky to capitalise on taking Asia's hub port status from Kobe while they suffered their massive earthquake in 1995, and the same goes for our chip industry, which saw Japanese competitors like Renesas have their factories wiped out in the 2011 Tsunami.

    The only reason I think this reversed for now, is ambition.
    I can see Japanese my age (25~35) are "giving up until the great reset" – where their baby-boomers, or "Dankai-junior" die.
    Right now, everything is for the elderly in Japan, and young people feel seem to feel powerless and neglected as they cannot vote them out numerically.
    However, none of my friends in SK are having babies, and I feel SK will be the same, if not even worse in coming years. Statistically, this cannot be reversed.

  8. “일본의 30년 전이 지금의 우리다”
    이 말이 나온지 20년에 되어가는데 일본을 보고 교훈 얻을 생각을 안 하고 적극적인 대응 없이 발자취를 밟고있음. 급격한 경제성장 후 침체, 부동산 문제, 고령화+저출산 같은 인구 문제, 교육문제 등등 아주 그냥 빼다 박았다

    뭐 동북아시아 국가들이 다 그렇겠지만 경쟁때문에 숨막혀 죽을 거 같음. 태어나서 단 하루도 쉬지않고 남과 비교해가며 살아왔음. 내 주변 모두가 성공을 외치며 좋은 학교, 좋은 직장을 얻기 위해 노력하니까 힘들어하는 내가 비정상적으로 느껴진다… 진짜 내가 뭘 원하는지도 모르겠음 ㅋㅋㅋㅋ 비교당하기 싫어서 발버둥치는 중인데 이딴게 노력의 이유인 삶은 존나 비참한거같음

  9. South korea now follow japan ways, to become stagnation, Ageing and childless country, japan will more survive cause domestic market, when south korea will fall cause china dominand and new industrial country like vietnam, and other SEA country

  10. Chaebols are the result of fierce competition, both domestic and abroad. For example, there were many, many failed big companies. Only those with long vision, strategy and luck could grow into today's Chaebols. For example, late BC Lee, the founder of Samsung, took a very serious risk when he started the chip biz, after a big surgery for cancer, He was over 70 years old then. Samsung was so domimant in 1960 (before President Park) and was severely checked by the government that it could not join the heavy-chemical industry drive. That was why Samsung started the chip biz.

    South Korea is very different from Japan. It is not appropriate to say the former 'overtook' the latter. Japan is a big country (2.5 times bigger) and very strong base in science and technology. And the wealth invested all around the world. I do not think (as a South Korean) South Korea has overtaken Japan.

    I think South Korea is on a totally different, unknown path. Japan is well known. Its strength and weakness. Its beauty and ugliness. Its charm and repulsiveness. How it succeeded, how it failed, how it restarted, how it prospered and why it is in a state of stagnation. But South Korea, everything is so unpredictable and so full of paradoxes and ironies.

  11. Roughly the same, it is just that Japan has more natural disasters and elderly and tax needed. For SK, it is just the bully and corruption that shown in the Korean drama. Though economy is based on technology, but the technology itself has a lifespan. Not everyone is a winner if the currency is not the main used worldwide.

  12. In the early 1960s, South Korea was poorer than Malaya (now Malaysia). Malaysia even helped South Korea build a friendship bridge, but now Malaysia has fallen far behind South Korea economically.