Lack of Entrepreneurship Among Koreans

choi

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After World War II, just a handful of places rose to occasion, mainly the four tigers. All others foundered, though once promising--from the Philippines, Brazil, Argentina to Ireland (and Japan maybe) at present. Studying economics, and one will come to appreciate it is not easy for a nation to leap forward economically--at minimum in the past two centuries. There are theories, but it is hard to know why.

Still I can assure you entrepreneurship is a key. Taiwanese especially, as well as Germans and Americans start up their own companies. It is in their blood. On the other hand, nationals of the other three Asian tigers--not to mention Japanese--are averse to it.
South Korean entrepreneurs | Young, Gifted and Blocked; Korea needs fewer wage slaves and more entrepreneurs. Economist, May 12, 2011
http://www.economist.com/node/18682342
("Parents of bright young Koreans typically steer them into steady careers in the chaebol, the government or the professions. As in Japan, being a salaryman (or woman) is far more respectable than running one’s own firm. 'In Korea, stability is everything,' says one such parent")

It may not be so bad, for Hong Kong and Singapore excel at law and order, which is indispensable to financial markets where Taiwan can not compete. After all, many roads lead to Roma (in this case economic prosperity).

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