Secret of South Korean Economic Miracle

Every generation needs a revolution - an entrepreneurial revolution

Having suffered from NK and China invasion South Korean was poor.  Until 1960 it was still so poor.  However after several decades  South Korean is one of the most prosperous country in Asia, having reached  1 $ trillion GDP, and with standards of living nearly equalling that of Western countries.

What were their secrets to success.  There were 3:

1.   Chaebols employed to industrialize export and grow;

2.   Education

3.   Strong work ethic  (due to the Chaebol) and country's drive to excel

Now its no longer working because competition in education and work place is so intense, many Koreans are unhappy and suicide rate is one of the highest.

 

Secret of how Taiwan got rich

Every generation needs a revolution - an entrepreneurial revolution A deeper understanding of why and how Taiwan got rich. The different system of Japanese colonization. Japan early on helped them become industrialized

Musk to exit EV market and in 2026 come out with fuel cell cars

Every generation needs a revolution - an entrepreneurial revolution

Seeing the fierce competition from Chinese EVs especially BYD, Musk plans to exit the EV industry and instead move into the fuel cell technology.   Which would be less polluting and  more eco friendly.   Probably too because of the shortage of the battery material the production of which is polluting and not so environmental friendly

Tesla to switch to Hydrogen cars, no more electrics