The Economic History of Korea

Myung Soo Cha

Economic History
Economic Systems

Article

This article discusses the economic history of Korea with respect to three distinct periods: 1) the period of Malthusian stagnation up to 1910, when Japan annexed Korea; 2) the colonial period from 1910-45, when the country embarked upon modern economic growth; and 3) the post colonial decades, when living standards improved rapidly in South Korea, while North Korea returned to the world of disease and starvation.