Nobel prize laureates tout S. Korea's 'remarkable' economic rise, but note challenges ahead
Oct 15, 2024
This year's Nobel economics prize laureates on Monday applauded South Korea's economic rise, a key subject of their research, but pointed out a set of challenges ahead, including the fast-graying population of Asia's fourth largest economy. They also drew a stark contrast between the economic backwater of North Korea -- a repressive country under an institutional framework that they said serves only a certain elite class -- and South Korea under a more "inclusive" system