Understanding the economic development of Korea from a co-evolutionary perspective

This paper applied a co-evolutionary perspective to understanding the economic development history of Korea, which is said to have shown almost miraculous economic growth. After reviewing economic policies and the economic situation over the last half-century, we categorized the dynamic competitive strategies of the government and recognized the co-evolutionary development. By way of illustration, we documented the case of Korean automobile industry from a co-evolutionary perspective. In conclusion, we argue that 'learning-by-doing' and the competitive dynamic strategies of the government and market forces are the key factors in understanding the forces underlying this economic success.