According to this book, this is how South Korea became the leading economy in the world:
- The Japanese colonization was not as aggressive and deleterious as we thought. If anything, it helped industrialize Korea. The Japanese built a railway that covered the quarter of Korean landmass, and posted Korea as the military supply base during the occupation of Manchuria. Also, there always existed different factions of Koreans that supported different neighbors, including pro-China, pro-Russia, and pro-Japan; the last group was responsible for signing the Annexation Agreement.
- Koreans value education greatly. An apocryphal tale goes that a farmer had to sell his only ox to pay for his child's school tuition. Also, Koreans expatriating to Japan, and the U.S., facilitated by missionaries, started all the way back in 1880s. This led to pockets of educated Koreans forming societies and clubs, enlightening the public through newspaper publications and so on.
- Park Chun Hee is largely attributed to be the lynchpin of the Miracle of the Han River. His most effective decision was to build factories of five modern technologies like petrochemical, electronics, shipbuilding, and so on, near his hometown.