Compressed Modernization & Developmentalist Mentalités of South Korea. Kang Myungkoo. What is compressed modernization?. Rapid economic growth Rapid modernization (urbanization, industrialization, democratization, formation of civil society, etc)
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International Monetary Fund, International Financial Statistics
-Economic growth was accomplished mostly through governmental favors given to conglomerates, or chaebol.
-Government favoritism: government actively suppressed any group that might disadvantage conglomerates, such as new competitors or labor unions
-Result: rampant nepotism, authoritarian business culture, lack of public ethics, economic polarization
Examples: Nepotism and cronyism
Us (uri 우리) VS Them mentality
Wawoo Apartment, 1969
Seong-soo Bridge, 1994
Sampoong Department Store, 1995