Key insights

• During 20th century, Korea was one of the four rising economies in Asia, whose strategies commonly focused on industrial development and export.
• To implement their strategies, educational reform was foundational and it was based on industrial revolution era model, “factory system,” which views people as labor force”
• As a result, we’ve seen economic growth in Korea but unbalanced advances in different sectors began to create tensions.
• Social problems emerges as the nation moves forward. And yet, there seemed to be serious efforts to address them.
• Economic development could continue without addressing social problems at the expense of the existing social structure such as family and community (tightly bonded relationship among members).
• The question is” “Can we go on like this?”

Key insights I would like to share with you this week is as follows.

• There is no free lunch. There is always cost for everything. We just simply don’t see them easily.
• Even doing nothing or procrastinating will definitely incur expenses somewhere at some point.
• So, we need to see the whole picture and figure out the real cost of problems we are facing including cost of doing nothing.