South Korea’s tycoons were relieved when the pro-business Park Geun Hye was elected last month as the nation’s 11th president.
The main criticism against her predecessor and party mate, Lee Myung Bak, was that he was as beholden to corporations as leaders get. Park’s win was seen as a victory for the economic system that raised Korea from devastation in the 1950s. Yet 60 years on, it’s time to highlight the absurdity of this view. Returning to the past is no way to secure the future for Asia’s fourth-biggest economy.
looking beyond borders 