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Korea's Development and Global Impact on Education and Economy

  Our lives are changing at anunprecedented pace. Transformationalshifts in our economic, environmental, geopolitical, societal and technological systems offer unparalleled opportunities, but the interconnections among them also imply enhanced systemic risks.

Of the many conceivable ways in which possible interconnections and interdependencies between global risks could play out systemically, if they are explored in depth such as (i) Instabilities in an increasingly multipolar world, (ii) Generation lost, and (iii) Digital disintegration. If we talk about for the development except risk factors, some of the key factors for the development for any Nation are education, good governance, transparency to accountability, access to information, and participation.

South Korea is one of the best examples, for the same in Asia. Therefore, the developing countries should learn lesson from Korea and must go ahead for the development in favor of humanitarian, which is possible only if we stay away from our personal factors such as religion.


Education is one of the basic activities of people in all human societies. Education (transmission of knowledge from one generation to another by means of direct instruction) plays a key role in achieving a happy and healthy life. Korea ranked 4th position in Asia following Singapore, Taiwan, and Hong Kong, and higher than Japan and China. Koreans have traditionally placed great importance on education as a means for self-fulfillment as well as for social advancement. After the founding of the Republic of Korea in 1948, the government began efforts to strengthen the modern educational system, making six years of elementary school attendance mandatory.

Today, Korea boasts one of the highest literacy rates in the world. An emphasis on education is often cited as a foundation for Korea’s rapid economic growth over the past four decades as it has produced an educated labor force as well as the scientists, engineers and specialists needed for various professional fields. The school system in the Republic of Korea consists of one to three-year pre-schools and kindergartens, six-year elementary schools, three-year middle schools, three-year high schools, and four-year colleges and universities offering B.A.’s and B.S.’s. Elementary schooling is compulsory with an enrollment rate of nearly 100%. Three more years of compulsory middle school education have been implemented nationwide since 2004.

 According to the evaluation of Korean’s education system, the number of students from abroad choosing to study in Korea has risen considerably in recent years as the country has become increasingly internationalized. There were almost 90,000 foreign exchange students in the country in 2011, according to the Ministry of Education, Science and Technology. The ministry has sought to encourage the trend, setting a target of 200,000 students in the country by 2020 as part of efforts to transform Korea into an “Educational Hub” of Asia.


  Unemployment remains elevated in many developed economies, with the situation in Europe being the most challenging. A double-dip recession in several European economies has taken a heavy toll on labor markets. The unemployment rate continued to climb to a record high in the euro area during 2012, up by more than 1% from one year ago. According to the evaluation from Europe and American job creation policy or in developed countries, the employment rates will not return to pre-crisis levels until far beyond 2016 [World Economic Situationand Prospects 2013, New York, United Nations].

 Despite of such recession, Korean government are providing the provision to employ for foreign students as part time (20 h per week during semester and unlimited off-semester, holding a Visa D-2 or D-4) or full time. The qualifications for foreign nationals who want to be legally employed in Korea are specified in the Korean Immigration Control Act. Some of the legalized agencies supported by the Government are providing free service and located nationwide. These centers help job seekers to find suitable work and give them information about job opportunities (www.work.go.kr/jobcenter).


  A news agency is an organization that gathers news reports and sells them to subscribing news organizations, such as newspapers, magazines, and radio and television broadcasters. Korean newspapers have made significant investments in modern press facilities and equipment in recent years. Most national dailies operate computerized typesetting and editing systems with multicolor printing capability. One of the news agencies, Yonhap News Agency (South Korea’s largest news agency) maintains 49 overseas bureaus in Europe, North America, the Middle East, Southeast Asia, and South America.


  In line with its vision of a “Global Korea,” the Republic of Korea strives to carry out diplomacy in active cooperation with the international community. The Republic of Korea government has pledged that it will contribute to the promotion and protection of universal values regarding international peace and human rights in a manner that reflects its economic size and global standing as a responsible member of the international community.

Sanjeev Kumar Sharma  sksharma@dongguk.edu

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