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From the early 1960s until the crisis of 1997-1998, Korea’s economic growth has been the result of an accumulation of exceptional capital mainly driven by a financial system dominated by the banking sector and tightly controlled by the government. The financial crisis of 1998 reduced the pace of the growth of the South Korean economy. Nevertheless, due to its own approach, the Korean economy faced...
Korea and Japan spent much time culturally and politically under the influence of China, which brought Confucianism to these countries. This study explores the influence of Confucianism on modern Japanese and Korean societies. This paper discusses issues such as loyalty and collectivism in the two previous mentioned countries.
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