Asia’s other reform story: South Korea

Don’t compare Korean president Park Geun-hye’s reform effort to Abenomics. Think Singapore.

This country’s relatively new leader has called for economic restructuring to reduce its reliance on exports, deregulate finance, boost services and support small, private companies Is it China Japan Well, maybe, yes – but South Korea’s president, Park Geun-hye, is also out to reconfigure her nation’s industry

And unlike the leaders of China and Japan, who promise much but have a more questionable track record of delivery, Park may prove more forceful in achieving her aims

That’s because she is partly driven by South Korea’s uneasy position between its two bigger neighbours: as they reenergize their corporate sectors – not least in Japan, where a cheaper yen has boosted rival exporters – so Seoul must...

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