Is South Korea’s Economic Miracle Over?
Financial Times reports that decades of growth are tapering off as the country struggles to reform its model and reduce its dependence on manufacturing.
Outside the town of Yongin, 40 kilometres south of Seoul, an army of diggers is preparing for what South Korea’s president has described as a global “semiconductor war”. The diggers are moving 40,000 cubic metres of earth a day, cutting a mountain in half as they lay the foundations for a new cluster of chipmaking facilities that will include the... ...
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