ABSTRACT

This chapter presents some closing thoughts of the key concepts covered in this book. The unprecedented rise of South Korea from the ruins of the devastating Korean War to becoming the world's 13th largest economy, and a vibrant democracy in a relatively short period of six decades, has been a source of both admiration and envy. Korea had a highly stratified, conservative and superstitious feudal society where most peasants were reduced to the status of slaves. The traditional feudal structure and the Confucian hierarchy of the Korean society were completely disrupted in a short period of five decades between 1910 and 1960. Koreans have a singular pride in their identity as they have preserved and protected their unique cultural heritage as well as language at different periods of their history. While cultural traits cannot be transplanted to a foreign soil, the Korean obsession with punctuality, education and human resource development could be emulated by the Indian subcontinent.