South Korea rose from the ashes of the Korean war to its current status as an advanced, industrialized economy on the strength of hard work and technology development. However, most analyses of Korea’s development over the past half century point to education as a key. The World Bank’s extensive study of Korea’s emergence as a Knowledge Economy came to this conclusion.
Most recently, during the current global financial crisis, Korea is among a handful of major industrial nations that have continued to boost education spending, despite the recession. The others are China, Taiwan, Germany, France and Brazil,, according to research conducted at U.C. Berkeley’s Center for Studies in Higher Education and reported in The San Francisco Chronicle.