The economic history of the Republic of Korea
Hartford Web Publishing is not the author of the documents in
World History Archives and does not
presume to validate their accuracy or authenticity nor to release
their copyright.
- Labor Complaints Could Prompt International
Strife for Korea
- From the Wall Street Journal,
20 July 1996. Korean bosses, the world over, aquiring a
notoriety for poor employee relations, which may hinder Korean
investments abroad.
- Winds of Corporate Downsizing, Wage Freeze
Sweeping Nation
- By Choi Sung-jin, in The Korea
Herald, 14 September 1996.
- Labor Battle Shows Failure Of 'S. Korean
Miracle'
- By Brian Taylor, in the Militant, 10 February
1997. The recent series of general strikes in context of
South Korea’s economic history since World War II.
- Economic Crisis in Korea Pushes Many Into
Farming
- By Michael Baker, Christian Science
Monitor, 5 October 1998. The end of rapid
industrialization leads to a boom in new farms. This
back-to-the-land movement has roots in nation’s
Buddhism. Farming has emerged as an alternative for those
disillusioned with industrial society and as an
opportunity for legions of newly unemployed.
- IMF praises South Korea
- BBC World Service, Thursday 10 December 1998. The
managing director of the International Monetary Fund,
Michel Camdessus, welcomed a decision by South Korea to
start repaying its debt to the IMF. South Korea had built
up its foreign currency reserves and the currency had
strengthened against the dollar. Share prices on the Seoul
stock market have doubled in the last few months.
- A remarkable year for Kim Dae-jung
- Editorial, Asia Times, 26
February 1999. In November of 1997 when the former Korean
government of President Kim Young-sam went hat-in-hand to
the International Monetary Fund, the country for all
intents and purposes was bankrupt. It is remarkable what
the government achieved in the year since he took
office.
- Employers conditionally accept five-day
workweek
- Korea Herald, 23 June
2000. The Korea Employers Federation, the nation’s
largest employer association, said it will conditionally
accept labor’s demand for a five-day workweek,
shortening the legal working hours from the current 44
hours a week to 40 hours.
- Militant S Korean unions disturb foreign
investors
- Reuters, Taipei Times,
Friday 12 September 2003. [Article offers a capitalist
perspective] The image of a country of cheap,
reliable, educated workers has been damaged by
long-running and often quite violent worker unrest. The
main concern of foreign chief executives and investors is
the labor union problem in South Korea.