Listen online
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
South Korea managed to compress centuries of development into a few decades. Its economic transformation has made it a poster child for rapid economic progress.
It is a model of development which other late-industrialising countries have long been encouraged to copy. But what exactly does the model of development involve?
In the first of a two-part series, Hyun-Sung Khang investigates the South Korean success story.