Calls are growing to open Korea's service sector to greater competition
By Jung Sung-ki
Rising from the ashes of the Korean War (1950-53), South Korea has undergone remarkable development and growth to become one of the world’s most affluent countries over the last century.
There is no doubt that a key to the “rags-to-riches” miracle was the country’s export-oriented growth strategy with ample emphasis on the manufacturing sector, producing a variety of tangible objects: steel, ships, buildings, cars, bridges, appliances, memory chips, TVs and mobile phones.