Moving Out of the Middle: Park Geun-hye Lays Out an Economic Agenda

President Park Geun-hye in early January used her first news conference to stitch several policies she’s talked about during her first year in office into an economic agenda that, if it works, will arrest South Korea’s declining rate of growth.

In doing so, she confirmed for the first time that she and her team recognize South Korea’s main economic challenge – that its growth and growth potential, both around 3 percent, have slipped too far. The country is not as rich as Japan, its longtime role model, was when its growth fell to that level.