POSCO has played a major role in Korea’s economic development by supplying domestic manufacturers with high-quality, low-cost steel products. Despite its initial disadvantage and lack of resources such as capital, technology, and raw materials, it has emerged as a world-class steel maker in a...

This paper investigates the reason why Korea's export suddenly and rapidly expanded in the early 1960s. By doing so, it hopes to throw light on the unresolved issue, whether it was market-liberalizing or interventionist policies that explain Korea's rapid growth and industrialization. Evidences...